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Wellington again increases stakes in Exelon, Duke in Q4'19, sells Pattern stock

Wellington Management Group LLP upped its shareholdings in Exelon Corp. and Duke Energy Corp. once again in the fourth quarter of 2019, mirroring moves it made in the prior quarter, and parachuted out of ProPetro Holding Corp.

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The investment firm increased its position in Exelon to $2.26 billion in the 2019 fourth quarter, up from $1.35 billion as of the end of the third quarter. Wellington also upped its stake in Duke to $1.22 billion in the fourth quarter, up from $897.8 million the previous quarter.

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Wellington sold shares in NextEra Energy Inc. and Sempra Energy in the fourth quarter, with the firm owning $1.94 billion in NextEra shares and $1.36 billion in Sempra shares at the end of 2019. The firm also sold shares in both companies in the third quarter of 2019.

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After increasing its position in UGI Corp. to $1.08 billion in the third quarter, Wellington sold nearly 469,000 shares in the company during the fourth quarter, bringing its ownership interest in the company down to $952 million.

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Wellington also sold 4.84 million shares of Pattern Energy Group Inc. reducing its holdings to $29.6 million, its largest number of shares sold in a utility company it did not exit.

The ProPetro divestiture represented Wellington's largest exit of the quarter at $33.3 million, while an $8.9 million investment in Transocean Ltd. marked its biggest entry.

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