Exelon Corp

After spinning off Constellation Energy in 2022, Exelon became the largest pure-play regulated electric and gas utility in the United States by customer count. It operates six subsidiaries—ComEd in Illinois, PECO in Pennsylvania, BGE in Maryland, Pepco in DC and Maryland, Delmarva Power, and Atlantic City Electric in New Jersey—collectively serving roughly 10 million customers across some of the most densely populated urban corridors on the East Coast and Midwest.

Exelon's fully regulated business model means earnings are tied to approved rate cases rather than commodity prices, creating predictable cash flows that support its dividend. The company is investing heavily in grid modernization and resilience, with regulators generally supportive across its jurisdictions. Regulatory outcomes in Illinois and Maryland remain the most meaningful swing factors. Rising interest rates increase borrowing costs for capital-intensive utilities, a headwind the entire sector faces equally.

As a regulated monopoly, Exelon doesn't compete for customers within its territory. For investment comparison, Duke Energy and Southern Company are the largest publicly traded utility peers by market cap. Dominion Energy, NextEra Energy, and Eversource Energy serve similar regulated-utility investor profiles and are typically cited alongside Exelon in peer group analyses used in rate proceedings and equity research.

Exelon has maintained a consistent dividend following the Constellation spinoff, targeting a payout that reflects its regulated earnings profile. The company pursues a moderate payout ratio relative to earnings, leaving room to grow the dividend alongside rate base expansion. Its urban-heavy service territory and extensive grid investment pipeline underpin management's confidence in sustaining the current level and delivering steady increases over time.

EXC last closed at $47.29, up 0.25% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $41.71 and a high of $49.11. The current price represents 75% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 26 analysts covering EXC, the consensus rating is Hold — 10 rate it a buy, 14 hold, and 2 sell. The average price target sits at $116.15, implying 146% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Exelon Corp generated $24.55B in revenue during fiscal year 2026, with $2.80B reaching the bottom line as net income. The net profit margin of 11.4% is solid for its sector.

EXC trades at a P/E ratio of 17.50 on trailing earnings of $2.74 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Utilities sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +8.56% (3M), +7.26% (6M), +10.59% (1Y), +7.67% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether EXC is outperforming or lagging the broader market.