Wellington Management Group LLP Has $939.19 Million Position in Exelon Corporation $EXC

Wellington Management Group LLP decreased its stake in Exelon Corporation (NASDAQ:EXC) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,145,585 shares of the company’s stock after selling 283,580 shares during the period. Wellington Management Group LLP owned about 1.95% of Exelon worth $939,187,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new stake in shares of Exelon during the fourth quarter worth $25,000. Leonteq Securities AG acquired a new stake in shares of Exelon during the 4th quarter valued at $26,000. Bell Investment Advisors Inc boosted its holdings in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares in the last quarter. SHP Wealth Management bought a new stake in Exelon during the 4th quarter worth $26,000. Finally, Eastern Bank acquired a new position in Exelon in the 2nd quarter worth about $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent research reports. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. TD Cowen dropped their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Truist Financial cut their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Morgan Stanley reduced their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Finally, KeyCorp decreased their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus price target of $50.07.

Exelon Price Performance

Shares of NASDAQ EXC opened at $43.93 on Friday. The company has a market capitalization of $45.35 billion, a PE ratio of 16.09, a P/E/G ratio of 2.66 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The firm has a fifty day simple moving average of $46.08 and a 200 day simple moving average of $46.69.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.