Centre Asset Management Lowers stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Centre Asset Management reduced its stake in Exelon Corporation by 4.22% during the most recent quarter end. The investment management company now holds a total of 331,910 shares of Exelon Corporation which is valued at $10,787,075 after selling 14,640 shares in Exelon Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Exelon Corporation makes up approximately 1.96% of Centre Asset Management’s portfolio.

Other Hedge Funds, Including , Hills Bank Trust Co reduced its stake in EXC by selling 430 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 12,372 shares of EXC which is valued at $402,090. Exelon Corporation makes up approx 0.15% of Hills Bank Trust Co’s portfolio.Advisory Services Network boosted its stake in EXC in the latest quarter, The investment management firm added 2,491 additional shares and now holds a total of 3,351 shares of Exelon Corporation which is valued at $107,835. Exelon Corporation makes up approx 0.02% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EXC by selling 168,373 shares or 48.11% in the most recent quarter. The Hedge Fund company now holds 181,589 shares of EXC which is valued at $5,834,455. Exelon Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Indiana Trust Investment Management Co boosted its stake in EXC in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 11,405 shares of Exelon Corporation which is valued at $366,443. Exelon Corporation makes up approx 0.19% of Indiana Trust Investment Management Co’s portfolio.Eqis Capital Management reduced its stake in EXC by selling 1,772 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 30,510 shares of EXC which is valued at $980,286. Exelon Corporation makes up approx 0.06% of Eqis Capital Management’s portfolio.

Exelon Corporation closed down -0.35 points or -1.08% at $32.15 with 47,51,385 shares getting traded on Tuesday. Post opening the session at $32.42, the shares hit an intraday low of $32.1 and an intraday high of $32.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Exelon Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.56. The company had revenue of $6910.00 million for the quarter, compared to analysts expectations of $6965.80 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 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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