Pictet Asset Management Ltd Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Pictet Asset Management Ltd reduced its stake in Exelon Corporation by 9.37% during the most recent quarter end. The investment management company now holds a total of 6,348,823 shares of Exelon Corporation which is valued at $221,827,876 after selling 656,548 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Exelon Corporation makes up approximately 0.83% of Pictet Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in EXC in the latest quarter, The investment management firm added 146,550 additional shares and now holds a total of 180,747 shares of Exelon Corporation which is valued at $6,315,300. Exelon Corporation makes up approx 0.03% of Thrivent Financial For Lutherans’s portfolio.Miles Capital reduced its stake in EXC by selling 31,045 shares or 71.34% in the most recent quarter. The Hedge Fund company now holds 12,474 shares of EXC which is valued at $435,842. Exelon Corporation makes up approx 0.29% of Miles Capital’s portfolio.Blackrock Advisors boosted its stake in EXC in the latest quarter, The investment management firm added 924,568 additional shares and now holds a total of 10,455,121 shares of Exelon Corporation which is valued at $365,301,928. Exelon Corporation makes up approx 0.38% of Blackrock Advisors’s portfolio. Capital Advisors Ltd. added EXC to its portfolio by purchasing 75 company shares during the most recent quarter which is valued at $2,756.

Exelon Corporation opened for trading at $34.05 and hit $34.2 on the upside on Monday, eventually ending the session at $34.05, with a gain of 0.44% or 0.15 points. The heightened volatility saw the trading volume jump to 34,41,506 shares. Company has a market cap of $31,424 M.

On the company’s financial health, Exelon Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.56. The company had revenue of $6910.00 million for the quarter, compared to analysts expectations of $6965.80 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Company shares were Upgraded by Deutsche Bank on Jul 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .

Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company LLC’s (Generation) six marketing segments Commonwealth Edison Company (ComEd) PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.

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