Exelon (EXC) Price Target Raised by $3, ‘Outperform’ Rating Maintained

Core Viewpoint - Exelon Corporation (NASDAQ:EXC) is recognized as a strong investment opportunity in the utility sector, particularly for its dividend yield and growth potential, with a positive outlook from analysts [1][5]. Company Overview - Exelon Corporation is one of the largest utility companies in the United States, serving over 10 million customers through six fully regulated transmission and distribution utilities [2]. Analyst Ratings and Price Target - Evercore ISI has raised its price target for Exelon from $55 to $58, maintaining an 'Outperform' rating, indicating an upside potential of over 17% from current levels [3]. Financial Performance - Exelon exceeded earnings estimates in its Q4 results, driven by higher electricity rates and increased power demand. The company is targeting an adjusted EPS of $2.81-$2.91 for FY 2026, an increase from the $2.77 achieved in the previous year [4]. - The utility plans to invest $41.3 billion in capital spending over the next four years, aiming for annualized earnings growth near the top end of its 5%-7% guidance range through 2029 [4]. Dividend Yield - Exelon boasts an annual dividend yield of 3.40%, positioning it among the high-yield utility stocks to consider for investment in 2026 [5].