Wellington Management Group LLP Has $1.30 Billion Position in Exelon Co. (NASDAQ:EXC)

Wellington Management Group LLP cut its stake in Exelon Co. (NASDAQ:EXC) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,455,914 shares of the company’s stock after selling 30,570,932 shares during the period. Wellington Management Group LLP owned approximately 3.43% of Exelon worth $1,296,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EXC. O Shaughnessy Asset Management LLC lifted its position in Exelon by 37.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 70,051 shares of the company’s stock worth $2,637,000 after purchasing an additional 19,094 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Exelon by 12.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,318 shares of the company’s stock worth $623,000 after acquiring an additional 1,784 shares during the period. California Public Employees Retirement System boosted its position in shares of Exelon by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 4,604,297 shares of the company’s stock worth $173,306,000 after acquiring an additional 15,376 shares in the last quarter. Hartree Partners LP bought a new position in Exelon in the fourth quarter valued at approximately $1,995,000. Finally, Schroder Investment Management Group raised its position in Exelon by 86.7% during the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company’s stock valued at $59,329,000 after purchasing an additional 732,355 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 1.0 %

NASDAQ:EXC opened at $44.71 on Monday. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market cap 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 firm’s 50 day simple moving average is $42.51 and its 200 day simple moving average is $40.15.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.60 EPS. On average, research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group lifted their target price on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Barclays increased their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.13.

Insiders Place Their Bets

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.