ClearBridge Investments, an investment management firm, published its “Global Infrastructure Value Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. On an absolute basis, the Strategy delivered gains across six of the nine sectors in which it was invested (out of 11 total) in the fourth quarter, with the electric, rail, and communications sectors the leading contributors and the airports and energy infrastructure sectors the detractors. On a relative basis, measured against the S&P Global Infrastructure Index, the ClearBridge Global Infrastructure Value Strategy outperformed during the fourth quarter. Overall stock selection and sector allocation contributed to relative results. Stock selection in the rail, electric, toll roads, and renewables sectors, underweights to the airport and gas sectors and overweight to the communications and rail sectors aided the most. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Global Infrastructure Value Strategy, in its Q4 2021 investor letter, mentioned Exelon Corporation (NYSE:EXC) and discussed its stance on the firm. Founded in 1999, Exelon Corporation (NYSE:EXC) is a Chicago, Illinois-based energy company with a $46.2 billion market capitalization, and is currently spearheaded by its CEO, Christopher M. Crane. Exelon Corporation (NYSE:EXC) delivered a 14.67% return since the beginning of the year, while its 12-month returns are up by 51.43%. The stock closed at $47.23 per share on March 30, 2022.
Here is what ClearBridge Investments Global Infrastructure Value Strategy has to say about Exelon Corporation (NYSE:EXC) in its Q4 2021 investor letter:
“Elsewhere in the region, U.S. electric utility Exelon also performed well. Exelon is a U.S. energy provider with one of the cleanest and lowest-cost power generation fleets. Its utilities serve millions of electric and gas customers across Delaware, Illinois, Maryland, New Jersey, Pennsylvania, and the District of Columbia. The share price of Exelon rose as the company received approvals for its anticipated spinoff, in addition to broader data points in support of nuclear power.”
Suwin/Shutterstock.com
Our calculations show that Exelon Corporation (NYSE:EXC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Exelon Corporation (NYSE:EXC) was in 47 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 36 funds in the previous quarter. Exelon Corporation (NYSE:EXC) delivered a 16.92% return in the past 3 months.
In December 2021, we also shared another hedge fund’s views on Exelon Corporation (NYSE:EXC) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
