Exelon: Shelter From The Storm And Nice Yield As Utilities Catch A Bid
Exelon (EXC) is rated BUY, offering a 3.86% yield and attractive valuation post-Constellation Energy spin-off. EXC's regulated utility model underpins stable cash flow, supporting a 4-year capital growth plan and 5% annual dividend growth. Management guides for 5-7% adjusted EPS CAGR from 2025-2029, driven by 7.9% rate base growth and electrification demand.