Exelon Corporation (EXC)

Exelon held its second-quarter 2025 earnings conference call on July 31, 2025. By August 2025, the stock price had increased by 6.5% since June, outperforming the S&P 500, largely due to surging electricity demand. Exelon reported strong third-quarter 2025 earnings of $0.86 per share on November 4, 2025, surpassing analyst estimates. The ex-dividend date for a $0.40 quarterly dividend was November 10, 2025, with the dividend paid on December 15, 2025. Analyst ratings and price targets saw adjustments from Jefferies Financial Group, Wells Fargo, JPMorgan Chase & Co., and UBS. Institutional investors increased or initiated their stakes in Exelon during Q2 and Q3 2025.

Exelon's products and services experience demand seasonality, with electricity demand peaking during summer and winter months, and natural gas demand generally higher in colder periods. A significant factor influencing demand is the surging electricity consumption by data centers and artificial intelligence infrastructure. Exelon offers demand response incentives to manage peak demand.

Exelon Corp. is a utility services holding company based in Chicago, operating in the Utilities sector, specifically in Power Generation, Regulated Electric, and Electric Companies industries. The company focuses on the transmission and distribution of electricity and natural gas, delivering electricity from generation sources to end-users and ensuring the safe and efficient delivery of natural gas. In 2022, Exelon strategically spun off its energy generation business, Constellation Energy, to concentrate solely on its regulated transmission and distribution operations.

Exelon's operations are primarily focused within the United States, spanning a service territory of 25,550 square miles. The company serves customers across six fully regulated transmission and distribution utilities in Delaware, the District of Columbia, Illinois, Maryland, New Jersey, and Pennsylvania. These subsidiaries include Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO Energy Company, and Potomac Electric Power Company.

Exelon has maintained a strong brand reputation, recognized as an industry leader for its best-in-class operations. Its utilities consistently achieve top-quartile or better performance in customer satisfaction, reduced outage frequency, and faster service restoration. Forbes has recognized Exelon on several lists. Exelon established a $50 million Exelon Customer Relief Fund to assist customers facing higher-than-expected summer energy bills. ComEd awarded a $500,000 EV Charging Rebate to bp pulse and expanded a high voltage substation. Exelon indicated a pivot away from some clean energy initiatives to prioritize power reliability and affordability.

Exelon's stock ownership is predominantly institutional, with institutional investors holding approximately 80.92% to 85.70% of the shares. Key institutional owners include Vanguard Group Inc., BlackRock Inc., and State Street Corp. Insider ownership is relatively low, ranging from 0.06% to 0.49%, while retail investors hold an estimated 15.77% to 30.82% of the company's stock.