Wealthfront Inc Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Wealthfront Inc reduced its stake in Exelon Corporation by 5.44% during the most recent quarter end. The investment management company now holds a total of 26,692 shares of Exelon Corporation which is valued at $821,313 after selling 1,537 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Exelon Corporation makes up approximately 0.02% of Wealthfront Inc’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in EXC in the latest quarter, The investment management firm added 8,115 additional shares and now holds a total of 69,589 shares of Exelon Corporation which is valued at $2,141,254. Exelon Corporation makes up approx 0.02% of First Republic Investment Management’s portfolio.Wasatch Advisors Inc boosted its stake in EXC in the latest quarter, The investment management firm added 60,808 additional shares and now holds a total of 245,672 shares of Exelon Corporation which is valued at $8,210,358. Exelon Corporation makes up approx 0.13% of Wasatch Advisors Inc’s portfolio.Savant Capital boosted its stake in EXC in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 19,379 shares of Exelon Corporation which is valued at $660,243. Exelon Corporation makes up approx 0.19% of Savant Capital’s portfolio.Stoneridge Investment Partners reduced its stake in EXC by selling 17,793 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 290,162 shares of EXC which is valued at $9,885,819. Exelon Corporation makes up approx 1.47% of Stoneridge Investment Partners’s portfolio.

Exelon Corporation opened for trading at $31.82 and hit $32.205 on the upside on Monday, eventually ending the session at $31.73, with a gain of 0.76% or 0.24 points. The heightened volatility saw the trading volume jump to 60,27,551 shares. Company has a market cap of $29,295 M.

On the company’s financial health, Exelon Corporation reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.77. The company had revenue of $8836.00 million for the quarter, compared to analysts expectations of $7967.07 million. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Exelon Corporation was Upgraded by Morgan Stanley to ” Overweight” on Nov 18, 2016. Shares were Reiterated by UBS on Oct 13, 2016 to “Neutral” and Lowered the Price Target to $ 33 from a previous price target of $38 .

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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