EXC - Exelon: Shares Still Undervalued But Now With Higher Dividend And New Growth Potential

2024-07-08 11:46:13 ET

Summary

• Exelon is the 8th largest U.S. public utility, a holding company for six regulated gas and electric businesses, serving 10.6 million customers.
• Exelon's model is transmission and distribution only, with territories in the urban areas of Chicago, Philadelphia, Baltimore, and Washington, D.C.
• Illinois regulatory issues pose a challenge for now, but the company anticipates offsetting growth from new data centers located in its markets.
• Shares are undervalued by 10.0% today, but with a growing dividend yield of 4.4% and significant appreciation potential.

I last wrote about Exelon Corporation ( EXC ) in January 2024 . At that time, I concluded the shares were slightly undervalued and that the company had a stable, growing dividend. I still believe that to be the case for both these factors. Shares are underpriced right now and the dividend has gone up this year....

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