Arrowstreet Capital Limited Partnership buys $234,498,063 stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Arrowstreet Capital Limited Partnership scooped up 6,163,850 additional shares in Exelon Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,711,450 shares of Exelon Corporation which is valued at $234,498,063.Exelon Corporation makes up approximately 0.93% of Arrowstreet Capital Limited Partnership’s portfolio.

Other Hedge Funds, Including , Clearbridge Investments boosted its stake in EXC in the latest quarter, The investment management firm added 1,820,604 additional shares and now holds a total of 1,850,099 shares of Exelon Corporation which is valued at $64,642,459. Exelon Corporation makes up approx 0.07% of Clearbridge Investments’s portfolio.Hbk Sorce Advisory boosted its stake in EXC in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 14,566 shares of Exelon Corporation which is valued at $508,936. Exelon Corporation makes up approx 0.10% of Hbk Sorce Advisory’s portfolio.Bessemer Group Inc boosted its stake in EXC in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 5,506 shares of Exelon Corporation which is valued at $192,380.Cetera Investment Advisers reduced its stake in EXC by selling 165 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 8,557 shares of EXC which is valued at $298,982. Exelon Corporation makes up approx 0.11% of Cetera Investment Advisers’s portfolio.Sequoia Financial Advisors boosted its stake in EXC in the latest quarter, The investment management firm added 2,328 additional shares and now holds a total of 9,280 shares of Exelon Corporation which is valued at $345,958. Exelon Corporation makes up approx 0.09% of Sequoia Financial Advisors’s portfolio.

Exelon Corporation closed down -0.19 points or -0.56% at $33.81 with 47,17,413 shares getting traded on Thursday. Post opening the session at $33.91, the shares hit an intraday low of $33.74 and an intraday high of $34.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Exelon Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Exelon Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.