Equity Investment Corpga Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Equity Investment Corpga reduced its stake in Exelon Corporation by 5.47% during the most recent quarter end. The investment management company now holds a total of 4,215,859 shares of Exelon Corporation which is valued at $154,173,964 after selling 244,051 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Exelon Corporation makes up approximately 4.64% of Equity Investment Corpga’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management added EXC to its portfolio by purchasing 192,200 company shares during the most recent quarter which is valued at $7,028,754. Exelon Corporation makes up approx 0.32% of Quantitative Investment Management’s portfolio.Evercore Wealth Management boosted its stake in EXC in the latest quarter, The investment management firm added 1,095 additional shares and now holds a total of 1,205 shares of Exelon Corporation which is valued at $44,067.Jnba Financial Advisors boosted its stake in EXC in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 4,408 shares of Exelon Corporation which is valued at $164,903. Exelon Corporation makes up approx 0.04% of Jnba Financial Advisors’s portfolio.Dnb Asset Management As boosted its stake in EXC in the latest quarter, The investment management firm added 9,700 additional shares and now holds a total of 83,239 shares of Exelon Corporation which is valued at $3,005,760. Exelon Corporation makes up approx 0.06% of Dnb Asset Management As’s portfolio.

Exelon Corporation closed down -0.03 points or -0.08% at $36.11 with 53,99,371 shares getting traded on Monday. Post opening the session at $36.28, the shares hit an intraday low of $35.98 and an intraday high of $36.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Exelon Corporation reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.66.Analysts expectations of $ 7230.45.During the same quarter in the previous year, the company posted $0.71 EPS.

Investors should note that on Jul 26, 2016, Exelon Corporation announced a cash dividend of $0.3180. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 9, 2016.

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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