Meritage Portfolio Management Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Meritage Portfolio Management reduced its stake in Exelon Corporation by 1.44% during the most recent quarter end. The investment management company now holds a total of 244,686 shares of Exelon Corporation which is valued at $9,153,703 after selling 3,570 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Exelon Corporation makes up approximately 1.00% of Meritage Portfolio Management’s portfolio.

Other Hedge Funds, Including , Wealthtrust-arizona boosted its stake in EXC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 104 shares of Exelon Corporation which is valued at $3,891. Simplex Trading sold out all of its stake in EXC during the most recent quarter. The investment firm sold 7,170 shares of EXC which is valued $259,913.Boyd Watterson Asset Managementoh boosted its stake in EXC in the latest quarter, The investment management firm added 6,895 additional shares and now holds a total of 26,147 shares of Exelon Corporation which is valued at $958,810. Exelon Corporation makes up approx 0.46% of Boyd Watterson Asset Managementoh’s portfolio.Piershale Financial Group boosted its stake in EXC in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 1,717 shares of Exelon Corporation which is valued at $62,962. Exelon Corporation makes up approx 0.05% of Piershale Financial Group’s portfolio.Davenport Co boosted its stake in EXC in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 7,735 shares of Exelon Corporation which is valued at $284,261.

Exelon Corporation closed down -0.33 points or -0.90% at $36.25 with 31,66,486 shares getting traded on Wednesday. Post opening the session at $36.55, the shares hit an intraday low of $36.24 and an intraday high of $36.6 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. 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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