Nuveen Fund Advisors buys $5,757,902 stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Nuveen Fund Advisors scooped up 151,774 additional shares in Exelon Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 164,794 shares of Exelon Corporation which is valued at $5,757,902.Exelon Corporation makes up approximately 0.86% of Nuveen Fund Advisors’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors boosted its stake in EXC in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 10,227 shares of Exelon Corporation which is valued at $357,331. Exelon Corporation makes up approx 0.01% of Great Lakes Advisors’s portfolio. Engineers Gate Manager Lp added EXC to its portfolio by purchasing 145,038 company shares during the most recent quarter which is valued at $5,067,628. Exelon Corporation makes up approx 0.34% of Engineers Gate Manager Lp’s portfolio.Mcf Advisors boosted its stake in EXC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 287 shares of Exelon Corporation which is valued at $10,028. Bruderman Asset Management added EXC to its portfolio by purchasing 209 company shares during the most recent quarter which is valued at $7,547.Utah Retirement Systems reduced its stake in EXC by selling 2,800 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 162,265 shares of EXC which is valued at $5,934,031. Exelon Corporation makes up approx 0.15% of Utah Retirement Systems’s portfolio.

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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