Proffitt Goodson Inc buys $1,590,605 stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Proffitt Goodson Inc scooped up 2,174 additional shares in Exelon Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 46,659 shares of Exelon Corporation which is valued at $1,590,605.Exelon Corporation makes up approximately 0.89% of Proffitt Goodson Inc’s portfolio.

Exelon Corporation opened for trading at $33.57 and hit $34.1599 on the upside on Friday, eventually ending the session at $34.09, with a gain of 2.19% or 0.73 points. The heightened volatility saw the trading volume jump to 46,71,317 shares. Company has a market cap of $31,360 M.

Other Hedge Funds, Including , Capital One National Association added EXC to its portfolio by purchasing 6,215 company shares during the most recent quarter which is valued at $211,869. Exelon Corporation makes up approx 0.02% of Capital One National Association’s portfolio. Integral Derivatives sold out all of its stake in EXC during the most recent quarter. The investment firm sold 12,370 shares of EXC which is valued $425,157. Indiana Trust Investment Management Co added EXC to its portfolio by purchasing 11,325 company shares during the most recent quarter which is valued at $391,166. Exelon Corporation makes up approx 0.22% of Indiana Trust Investment Management Co’s portfolio.

On the company’s financial health, Exelon Corporation reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.39. The company had revenue of $6682.00 million for the quarter, compared to analysts expectations of $7139.43 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Exelon Corporation was Resumed by Goldman to “Neutral” on Apr 11, 2016. Morgan Stanley Resumed Exelon Corporation on Apr 6, 2016 to “Equal-Weight”, Price Target of the shares are set at $38.Barclays Resumed Exelon Corporation on Mar 24, 2016 to “Overweight”, Price Target of the shares are set at $39.

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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