Whitener Capital Management Inc. Buys 2,000 Shares of Exelon Co. (NYSE:EXC)

Whitener Capital Management Inc. lifted its stake in Exelon Co. (NYSE:EXC) by 2,898.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,069 shares of the energy giant’s stock after acquiring an additional 2,000 shares during the period. Whitener Capital Management Inc.’s holdings in Exelon were worth $99,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Employers Holdings Inc. bought a new position in shares of Exelon in the 2nd quarter valued at approximately $638,000. Capital Wealth Planning LLC bought a new position in shares of Exelon in the 2nd quarter valued at approximately $287,000. Comerica Bank raised its stake in shares of Exelon by 2.3% in the 2nd quarter. Comerica Bank now owns 233,877 shares of the energy giant’s stock valued at $11,367,000 after acquiring an additional 5,349 shares in the last quarter. Next Capital Management LLC raised its stake in shares of Exelon by 13.5% in the 2nd quarter. Next Capital Management LLC now owns 2,838 shares of the energy giant’s stock valued at $136,000 after acquiring an additional 338 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Exelon by 23.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 326,020 shares of the energy giant’s stock valued at $15,629,000 after buying an additional 61,883 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Kenneth W. Cornew sold 54,300 shares of Exelon stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the sale, the executive vice president now owns 97,813 shares of the company’s stock, valued at approximately $4,873,043.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Calvin Butler, Jr. sold 31,000 shares of Exelon stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $47.59, for a total value of $1,475,290.00. Following the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at approximately $1,919,352.29. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.



A number of analysts have issued reports on EXC shares. KeyCorp started coverage on Exelon in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Barclays raised Exelon from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $54.00 to $52.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and raised their target price for the company from $48.00 to $52.00 in a report on Thursday, June 6th. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Mizuho raised their target price on Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.19.

EXC traded up $0.48 during midday trading on Friday, reaching $45.13. The company’s stock had a trading volume of 5,396,700 shares, compared to its average volume of 6,783,707. The stock has a market cap of $43.38 billion, a P/E ratio of 14.46, a PEG ratio of 3.73 and a beta of 0.31. The company has a fifty day simple moving average of $46.93 and a 200 day simple moving average of $48.65. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. Exelon Co. has a twelve month low of $42.19 and a twelve month high of $51.18.

Exelon (NYSE:EXC) last released its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the business earned $0.71 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that Exelon Co. will post 3.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.363 per share. This represents a $1.45 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, August 14th. Exelon’s payout ratio is presently 46.47%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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