Exelon is the largest regulated utility holding company in the US by customer count, serving approximately 10 million customers across six subsidiaries (ComEd, PECO, BGE, Pepco, Delmarva Power, Atlantic City Electric). The stock is a textbook flight-to-quality play in the current early risk-off regime: low beta (0.41), a reliable 3.59% dividend yield, and four consecutive EPS beats. At $47.40 it sits just 2.86% above the EMA20 — actionable at spot, not extended. The forward PE of 15.6x is reasonable for a regulated utility with visible earnings growth, though the elevated PEG (3.02) reflects the sector's inherently modest growth rate and caps the grade at A-.
Exelon Corporation is a utility services holding company and the largest regulated utility in the US by customer count. Headquartered in Chicago, IL, Exelon serves approximately 10 million customers across six operating subsidiaries: ComEd (northern Illinois), PECO (southeastern Pennsylvania), BGE (central Maryland), Pepco (Washington D.C. and Maryland), Delmarva Power (Delaware and Maryland), and Atlantic City Electric (southern New Jersey).Exelon Corp· 2026
Following the 2022 spin-off of its competitive generation business (now Constellation Energy), Exelon is a pure-play regulated T&D utility focused on energy distribution and transmission. The regulated model provides earnings visibility and rate-base growth driven by grid modernization, electrification, and infrastructure investment. With ~20,000 employees and a rate base growing at mid-to-high single digits, Exelon offers investors a predictable earnings stream paired with a well-covered dividend.Yahoo Finance· live
| Metric | Value | Signal |
|---|---|---|
| Forward P/E | 15.6x | Reasonable for regulated utility |
| Trailing P/E | 17.36x | In-line with sector |
| EPS Q1 2026 (actual vs est) | $0.91 vs $0.89 | Beat · +2.2% |
| EPS Q4 2025 (actual vs est) | $0.59 vs $0.55 | Beat · +7.3% |
| EPS Q3 2025 (actual vs est) | $0.86 vs $0.78 | Beat · +10.3% |
| EPS Q2 2025 (actual vs est) | $0.39 vs $0.37 | Beat · +5.4% |
| Market Cap | $48.5B | Large-cap utility |
| EV/EBITDA | 11.92x | Fair for regulated T&D |
| Price / Book | 1.65x | Book $28.65/share |
| Dividend Yield | 3.59% | Well-covered utility dividend |
| PEG Ratio | 3.02 | Elevated — utility growth pace |
| Beta | 0.41 | Low vol — defensive |
| RSI (14) | 61.9 |
| EMA 20 | $46.08 |
| EMA 50 | $46.06 |
| EMA 200 | $45.88 |
| MACD | 0.340 |
| Signal | 0.140 |
| ATR (14) | $0.91 |
A large-cap regulated utility with predictable earnings, four consecutive EPS beats, low beta, and a well-covered dividend. Primary risks are regulatory, weather-related operational disruption, and sector rotation out of defensives in a risk-on environment.
EXC trades at 15.6x forward earnings — a reasonable multiple for a regulated utility delivering consistent EPS beats. The stock is not a growth story; it is a defensive income play that benefits when investors rotate into quality. The elevated PEG (3.02) reflects the inherent low-growth nature of regulated utilities, not overvaluation. In the current early risk-off regime, this is precisely the kind of name that attracts institutional capital seeking predictable cash flows and dividend income.
Regulated utility with four consecutive EPS beats, trading above all EMAs with only 2.86% extension from the EMA20. Flight-to-quality play in an early risk-off regime with a low 0.41 beta and reliable 3.59% dividend yield. Morgan Stanley raised its price target to $54 (from $52) on Jun 24. Entry zone $47.00-$47.80, stop at $46.00 (below EMA20/EMA50 confluence), TP1 at $50.20 near the 52-week high. R/R from spot: ($50.20 - $47.40) / ($47.40 - $46.00) = 2.80 / 1.40 = 2.0.
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Data sourced from DailyTickers Gateway, Yahoo Finance, SEC EDGAR, and public market data. Accuracy is not guaranteed.