Pictet Asset Management Ltd Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Pictet Asset Management Ltd reduced its stake in Exelon Corporation by 7.72% during the most recent quarter end. The investment management company now holds a total of 7,005,371 shares of Exelon Corporation which is valued at $244.8 Million after selling 586,028 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Exelon Corporation makes up approximately 1.02% of Pictet Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Lucus Advisors sold out all of its stake in EXC during the most recent quarter. The investment firm sold 10,091 shares of EXC which is valued $352,580.Oppenheimerfunds reduced its stake in EXC by selling 27,860 shares or 27.23% in the most recent quarter. The Hedge Fund company now holds 74,451 shares of EXC which is valued at $2.6 Million.Optimum Investment Advisors reduced its stake in EXC by selling 2,621 shares or 13.52% in the most recent quarter. The Hedge Fund company now holds 16,766 shares of EXC which is valued at $585,804. Exelon Corporation makes up approx 0.23% of Optimum Investment Advisors’s portfolio.First Personal Financial Services boosted its stake in EXC in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 4,906 shares of Exelon Corporation which is valued at $171,416. Exelon Corporation makes up approx 0.08% of First Personal Financial Services’s portfolio.

Exelon Corporation closed down -0.11 points or -0.32% at $33.88 with 71,27,880 shares getting traded on Wednesday. Post opening the session at $33.66, the shares hit an intraday low of $33.27 and an intraday high of $34.025 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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