Pekin Singer Strauss Asset Management Il Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Pekin Singer Strauss Asset Management Il reduced its stake in Exelon Corporation by 8.69% during the most recent quarter end. The investment management company now holds a total of 351,399 shares of Exelon Corporation which is valued at $12,850,661 after selling 33,455 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Exelon Corporation makes up approximately 2.74% of Pekin Singer Strauss Asset Management Il’s portfolio.

Other Hedge Funds, Including , Ifc Holdings Incorporatedfl reduced its stake in EXC by selling 108 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 11,833 shares of EXC which is valued at $432,733. Exelon Corporation makes up approx 0.05% of Ifc Holdings Incorporatedfl’s portfolio.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.

Exelon Corporation closed down -0.03 points or -0.08% at $36.11 with 53,99,371 shares getting traded on Monday. Post opening the session at $36.28, the shares hit an intraday low of $35.98 and an intraday high of $36.32 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Investors should note that on Jul 26, 2016, Exelon Corporation announced a cash dividend of $0.3180. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 9, 2016.

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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