Exelon Corporation (EXC)

Exelon reported Q1 2025 earnings of $0.92 per share, an increase from Q1 2024, driven by new rates, favorable weather, and tax repairs timing, reaffirming its $38 billion investment plan through 2028. Q2 2025 adjusted operating earnings were $0.39 per share, slightly below expectations, attributed to higher rates, a ComEd timing reversal, and increased storm costs, but the company maintained its full-year guidance. Exelon declared a quarterly dividend of $0.40 per share. KeyCorp lowered its price target to $37.00 with an "underweight" rating, UBS Group raised its price target to $48.00 with a "neutral" rating, and Morgan Stanley lowered its price target to $49.00 with an "equal weight" rating. Directors David G. DeWalt and Matthew C. Rogers reported acquiring deferred stock units. Exelon continues to emphasize its significant infrastructure investment plans, with over $38 billion projected from 2025 to 2028.

Demand for Exelon's products and services exhibits seasonality, with increased energy usage during peak summer seasons. Surging electricity demand driven by data centers and electrification is a significant factor in Exelon's long-term growth strategy and investment plans. Financial results are consistent with seasonal shaping, with a higher proportion of projected full-year earnings often recognized in the first half of the year.

Exelon Corporation, headquartered in Chicago, Illinois, is a major American utility services holding company and one of the largest electric parent companies in the U.S., serving approximately 10.7 million customers. Exelon operates in the Electric Utilities industry, focusing on energy delivery through electricity and natural gas distribution and transmission. The company generates electric power from diverse sources, including nuclear, fossil, wind, hydroelectric, and solar facilities, and aims to achieve net-zero greenhouse gas emissions by 2050.

Exelon's operational footprint spans several states and the District of Columbia. It serves customers through its six regulated transmission and distribution utilities: Atlantic City Electric (New Jersey), Baltimore Gas and Electric (Maryland), Commonwealth Edison (Illinois), Delmarva Power (Delaware and Maryland), PECO Energy Company (Pennsylvania), and Pepco (Washington, D.C., and Maryland).

Exelon has received positive recognition for its customer service and sustainability efforts. Four of Exelon’s utility companies were recognized as "Customer Champions" in Escalent's survey. Delmarva Power achieved the highest ranking in residential customer satisfaction in the East Midsize Region for the third consecutive year by J.D. Power. Exelon was named one of TIME's "World's Best Companies of 2025". ComEd received the 2024 ReliabilityOne® Award for outstanding reliability performance and climate action leadership. Exelon launched a $50 million Customer Relief Fund to help customers facing high energy bills.

Exelon Corporation's ownership is predominantly institutional, with institutional investors and hedge funds holding between 80.92% and 88.84% of the stock. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors and the general public hold the remaining shares.