Wellington Management Group LLP Cuts Stock Position in Exelon Co. (NASDAQ:EXC)

Wellington Management Group LLP lessened its holdings in Exelon Co. (NASDAQ:EXC) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,455,914 shares of the company’s stock after selling 30,570,932 shares during the quarter. Wellington Management Group LLP’s holdings in Exelon were worth $1,296,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXC. D.A. Davidson & CO. boosted its position in Exelon by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 25,851 shares of the company’s stock valued at $1,048,000 after acquiring an additional 785 shares in the last quarter. Townsquare Capital LLC boosted its stake in Exelon by 24.1% during the 3rd quarter. Townsquare Capital LLC now owns 16,517 shares of the company’s stock valued at $670,000 after purchasing an additional 3,208 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Exelon during the 3rd quarter valued at about $268,000. Public Sector Pension Investment Board grew its position in Exelon by 3.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 174,692 shares of the company’s stock worth $7,084,000 after purchasing an additional 5,100 shares during the period. Finally, Captrust Financial Advisors increased its position in Exelon by 4.2% during the third quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,868 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the topic of several analyst reports. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. UBS Group increased their price target on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley upped their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Scotiabank upped their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Trading Up 1.0 %

EXC opened at $44.71 on Monday. The stock has a market capitalization of $45.14 billion, a PE ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The business’s 50 day moving average price is $42.51 and its 200 day moving average price is $40.15.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, equities research analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.