Proffitt Goodson Inc Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Proffitt Goodson Inc reduced its stake in Exelon Corporation by 3.75% during the most recent quarter end. The investment management company now holds a total of 44,909 shares of Exelon Corporation which is valued at $1,680,046 after selling 1,750 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Exelon Corporation makes up approximately 0.89% of Proffitt Goodson Inc’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Trust Co Fsbmo boosted its stake in EXC in the latest quarter, The investment management firm added 1,719 additional shares and now holds a total of 30,229 shares of Exelon Corporation which is valued at $1,130,867. Exelon Corporation makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.Sumitomo Life Insurance Co reduced its stake in EXC by selling 1,157 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 33,996 shares of EXC which is valued at $1,246,633. Exelon Corporation makes up approx 0.17% of Sumitomo Life Insurance Co’s portfolio.Balasa Dinverno Foltz boosted its stake in EXC in the latest quarter, The investment management firm added 7,590 additional shares and now holds a total of 19,456 shares of Exelon Corporation which is valued at $713,452. Exelon Corporation makes up approx 0.13% of Balasa Dinverno Foltz’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in EXC by selling 5,495 shares or 48.5% in the most recent quarter. The Hedge Fund company now holds 5,835 shares of EXC which is valued at $214,436. Exelon Corporation makes up approx 0.23% of Gierl Augustine Investment Management Inc’s portfolio.Creative Planning boosted its stake in EXC in the latest quarter, The investment management firm added 6,748 additional shares and now holds a total of 66,833 shares of Exelon Corporation which is valued at $2,456,113. Exelon Corporation makes up approx 0.02% of Creative Planning’s portfolio.

Exelon Corporation opened for trading at $36.56 and hit $36.935 on the upside on Thursday, eventually ending the session at $36.86, with a gain of 0.74% or 0.27 points. The heightened volatility saw the trading volume jump to 31,51,879 shares. Company has a market cap of $32,706 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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