Wellington Management Group LLP Sells 30,570,932 Shares of Exelon Co. (NASDAQ:EXC)

Wellington Management Group LLP reduced its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,455,914 shares of the company's stock after selling 30,570,932 shares during the period. Wellington Management Group LLP owned 3.43% of Exelon worth $1,296,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Vanguard Group Inc. lifted its holdings in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after buying an additional 3,064,673 shares during the last quarter. State Street Corp raised its stake in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Exelon by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock valued at $1,048,823,000 after purchasing an additional 403,542 shares during the period. Norges Bank bought a new position in shares of Exelon during the 4th quarter worth about $479,597,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Exelon by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company's stock valued at $253,280,000 after buying an additional 282,596 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the 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 sale, the executive vice president now owns 2,271 shares of the company's stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Evercore ISI upgraded Exelon from an "in-line" rating to an "outperform" rating and upped their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.13.

Exelon Price Performance

Shares of NASDAQ:EXC traded up $0.05 on Wednesday, hitting $45.97. The stock had a trading volume of 6,829,861 shares, compared to its average volume of 6,860,771. The company has a market capitalization of $46.41 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth 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. The firm's 50 day moving average price is $42.75 and its 200-day moving average price is $40.23. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $46.46.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share 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 business earned $0.60 EPS. On average, equities research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio is presently 65.31%.

Exelon Profile

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.