Wellington Management Group LLP Sells 283,580 Shares of Exelon Corporation $EXC

Wellington Management Group LLP lessened its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,145,585 shares of the company’s stock after selling 283,580 shares during the quarter. Wellington Management Group LLP’s holdings in Exelon were worth $939,187,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EXC. BlackRock Inc. bought a new stake in Exelon in the 2nd quarter valued at about $5,583,709,000. GQG Partners LLC bought a new stake in Exelon during the 2nd quarter valued at $922,917,000. Capital International Investors acquired a new position in shares of Exelon during the fourth quarter valued at about $738,333,000. Norges Bank acquired a new position in Exelon during the 4th quarter valued at about $617,974,000. Finally, Legal & General Group Plc bought a new position in shares of Exelon in the second quarter valued at approximately $602,760,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 0.1%

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 price-to-earnings-growth ratio of 2.66 and a beta of 0.31. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The business has a fifty day moving average price of $46.08 and a two-hundred day moving average price of $46.69.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company posted $0.39 EPS. Exelon’s quarterly 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. Analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s dividend payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXC. TD Cowen cut their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Morgan Stanley dropped their price objective on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Truist Financial cut their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $50.07.

About Exelon

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.