Stoneridge Investment Partners Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Stoneridge Investment Partners reduced its stake in Exelon Corporation by 1.17% during the most recent quarter end. The investment management company now holds a total of 307,955 shares of Exelon Corporation which is valued at $11,268,073 after selling 3,630 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Exelon Corporation makes up approximately 1.59% of Stoneridge Investment Partners’s portfolio.

Other Hedge Funds, Including , Robeco Institutional Asset Management B.v. boosted its stake in EXC in the latest quarter, The investment management firm added 50,037 additional shares and now holds a total of 250,800 shares of Exelon Corporation which is valued at $9,382,428. Exelon Corporation makes up approx 0.07% of Robeco Institutional Asset Management B.v.’s portfolio.British Columbia Investment Management Corp reduced its stake in EXC by selling 25,352 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 420,678 shares of EXC which is valued at $15,190,683. Exelon Corporation makes up approx 0.13% of British Columbia Investment Management Corp’s portfolio. Alpha Windward added EXC to its portfolio by purchasing 752 company shares during the most recent quarter which is valued at $27,155. Exelon Corporation makes up approx 0.02% of Alpha Windward’s portfolio.

Exelon Corporation opened for trading at $36.82 and hit $37.4 on the upside on Friday, eventually ending the session at $37.28, with a gain of 1.14% or 0.42 points. The heightened volatility saw the trading volume jump to 47,09,518 shares. Company has a market cap of $33,079 M.

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.

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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