Creegan Nassoura Financial Group Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Creegan Nassoura Financial Group reduced its stake in Exelon Corporation by 2.55% during the most recent quarter end. The investment management company now holds a total of 47,831 shares of Exelon Corporation which is valued at $1,671,215 after selling 1,250 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Exelon Corporation makes up approximately 1.92% of Creegan Nassoura Financial Group’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management sold out all of its stake in EXC during the most recent quarter. The investment firm sold 1,084,197 shares of EXC which is valued $37,881,843.Systematic Financial Management Lp reduced its stake in EXC by selling 300,322 shares or 12.93% in the most recent quarter. The Hedge Fund company now holds 2,022,264 shares of EXC which is valued at $73,023,953. Exelon Corporation makes up approx 0.95% of Systematic Financial Management Lp’s portfolio.Foster Motley Inc boosted its stake in EXC in the latest quarter, The investment management firm added 1,824 additional shares and now holds a total of 31,826 shares of Exelon Corporation which is valued at $1,163,877. Exelon Corporation makes up approx 0.23% of Foster Motley Inc’s portfolio.Wealthtrust-arizona boosted its stake in EXC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 104 shares of Exelon Corporation which is valued at $3,891.

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.

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