Clearbridge buys $84,227,952 stake in Exelon Corporation (EXC)

Exelon Corporation (EXC) : Clearbridge scooped up 420,230 additional shares in Exelon Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,737,340 shares of Exelon Corporation which is valued at $84,227,952.Exelon Corporation makes up approximately 1.57% of Clearbridge’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management reduced its stake in EXC by selling 204,781 shares or 28.36% in the most recent quarter. The Hedge Fund company now holds 517,218 shares of EXC which is valued at $15,516,540. Exelon Corporation makes up approx 0.41% of Highbridge Capital Management’s portfolio.Blackrock Advisors reduced its stake in EXC by selling 121,608 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 10,333,513 shares of EXC which is valued at $345,346,004. Exelon Corporation makes up approx 0.38% of Blackrock Advisors’s portfolio.State Treasurer State Of Michigan boosted its stake in EXC in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 322,089 shares of Exelon Corporation which is valued at $10,532,310. Exelon Corporation makes up approx 0.09% of State Treasurer State Of Michigan’s portfolio.Court Place Advisors reduced its stake in EXC by selling 1,165 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 15,492 shares of EXC which is valued at $509,377. Exelon Corporation makes up approx 0.29% of Court Place Advisors’s portfolio.Cibc Asset Management Inc reduced its stake in EXC by selling 6,947 shares or 6.91% in the most recent quarter. The Hedge Fund company now holds 93,645 shares of EXC which is valued at $3,098,713. Exelon Corporation makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.

Exelon Corporation opened for trading at $31.82 and hit $32.205 on the upside on Monday, eventually ending the session at $31.73, with a gain of 0.76% or 0.24 points. The heightened volatility saw the trading volume jump to 60,27,551 shares. Company has a market cap of $29,295 M.

On the company’s financial health, Exelon Corporation reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.77. The company had revenue of $8836.00 million for the quarter, compared to analysts expectations of $7967.07 million. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Exelon Corporation was Upgraded by Morgan Stanley to ” Overweight” on Nov 18, 2016. Shares were Reiterated by UBS on Oct 13, 2016 to “Neutral” and Lowered the Price Target to $ 33 from a previous price target of $38 .

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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