Exelon Corporation (NASDAQ: EXC) is one of the 14 Best Utility Dividend Stocks to Buy Now.
Exelon Corporation (NASDAQ: EXC) is one of the nation’s largest utilities, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities.
On November 20, Morgan Stanley analyst David Arcaro lowered the company’s price target on Exelon Corporation (NASDAQ: EXC) from $53 to $52, while maintaining an “equal weight” rating on its shares, as The Fly reports. This update follows the analyst firm’s adjustment of its price targets for regulated and diversified utilities/IPPs in North America as part of its coverage, while highlighting that the utilities sector underperformed the broader market last month.
Exelon Corporation (NASDAQ: EXC) reported better-than-expected results for its third quarter earlier this month, beating earnings and revenue estimates due to slightly warmer weather and a mild storm season, as well as timing factors. The company also reaffirmed its operating profit guidance of $2.64 to $2.74 per share for fiscal 2025. Exelon is targeting an annualized operating profit growth rate of 5% to 7% through 2028.
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