Exelon Corporation (EXC)

Exelon Corp. stock has shown an increase of 13.73% in the past six months. Over the past 52 weeks, the stock has gained more than 22% and has outperformed the utilities sector, with a nearly 15% return since January. As of June 16, 2025, the share price was $42.68, an increase of 21.35% from $35.17 on June 17, 2024. Key events impacting the stock include the spin-off of Constellation Energy, strong financial results for the first quarter of 2025, strategic infrastructure investments, regulatory tailwinds, and a decoupling mechanism. Exelon pays quarterly dividends, with the last dividend per share being $0.40. Recent analyst actions include Evercore ISI Group downgrading Exelon to In-Line but raising its price target to $48, and UBS and Morgan Stanley maintaining Neutral/Equal-Weight ratings while raising price targets.

Demand for Exelon Corp.'s products and services is influenced by seasonality. Utility companies typically experience higher electricity demand during extreme weather conditions, such as hot summers and cold winters. Natural gas demand often peaks in colder months for heating purposes. The company's decoupling mechanism insulates earnings from volume fluctuations, which helps mitigate the impact of demand seasonality on its financial performance.

Exelon Corporation is a prominent American public utility company headquartered in Chicago, Illinois. It is recognized as one of the nation's largest utility companies by customer count and revenue, serving over 10 million customers. Exelon operates primarily within the Utilities sector, with a significant market share in industries such as Electric Utilities, Electric Power Transmission, Coal & Natural Gas Power, and Nuclear Power. Following the corporate spin-off of its energy generation business, Constellation Energy, in February 2022, Exelon has strategically shifted its focus to fully regulated transmission and distribution (T&D) utility operations. Its core business revolves around delivering electricity and natural gas to homes and businesses. Exelon's major products and services include retail electricity and natural gas services, energy efficiency solutions, and utility and energy management services. The company also maintains a clean energy portfolio, which historically included nuclear and renewable energy generation, though its current focus is on distribution. Exelon's commitment extends to infrastructure investments, grid modernization, and supporting renewable energy integration.

Exelon Corporation's operational geographic footprint spans across six primary states and the District of Columbia through its regulated utilities: Atlantic City Electric (New Jersey), Baltimore Gas and Electric Company (Maryland), Commonwealth Edison Company (Illinois), Delmarva Power & Light Company (Delaware and Maryland), PECO Energy Company (Pennsylvania), and Pepco (Washington, D.C. and Maryland). This extensive network covers a service territory of approximately 48,000 square miles, serving over 10 million customers.

Exelon maintains a strong brand reputation by emphasizing service reliability and modernization. The company is committed to environmental stewardship, investing in renewable energy projects and energy efficiency programs. Exelon focuses on operational excellence, with its utilities consistently achieving high performance in outage frequency and duration. The company actively promotes a safety culture and invests significantly in infrastructure and systems to enhance grid reliability. Exelon is also involved in workforce development strategies aimed at addressing economic inequities in underserved communities. Exelon and its subsidiary ComEd have announced significant relief funds to help customers with rising energy bills. ComEd's energy efficiency program exceeded its 2024 goals, saving customers 13 million MWhs of electricity. Exelon's utility energy efficiency programs saved 26.5 million MWh in 2023, equivalent to avoiding over 9.8 million metric tons of GHG emissions. Exelon's "Path to Clean" program aims to reduce operations-driven greenhouse gas emissions by 50% by 2030 and achieve net zero by 2050. The company has invested over $500 million in renewable energy projects in 2024. Exelon supports its customers and communities in reducing GHG emissions through programs like Green Power Connection. Exelon expanded its focus on hiring candidates with military experience in 2023 and is committed to developing and empowering women within the company.

Exelon Corporation's ownership structure is primarily composed of institutional investors, with a smaller portion held by retail and individual investors, and a very small percentage by insiders. Institutional investors hold a significant majority, with figures ranging from approximately 33.85% to 84% of the company's stock. The largest institutional shareholders of Exelon Corp. include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors hold a notable stake, with estimates around 16% to 33.96%. Insider ownership is very low, typically less than 1%.