Exelon Corporation (EXC) Stock

Exelon Corporation (EXC) is a Utilities stock trading at $43.75 (as of 2026-08-21), with a market capitalization of $44.76B and a trailing P/E of 14.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Exelon Corporation operates energy generation, delivery, and marketing activities in the United States and Canada. It produces electricity using multiple generation types, sells electricity and related energy products to wholesale and retail customers, and provides electricity transmission and natural gas distribution services, along with support services.

Understand Exelon Corporation: how it makes money

Exelon Corporation generates, delivers, and markets electricity and other energy products in the United States and Canada, earning money from owning generation assets and selling electricity and natural gas to wholesale and retail customers, plus regulated transmission and distribution services.

The core profit engine is regulated utility pricing, where Exelon operates transmission and distribution and its earnings are influenced by the revenue requirements regulators set in rate cases and related plan filings.

Business quality (Solid): High-level business description and operating-margin context are clear, but a clean official reportable segment revenue breakdown was not provided, so segment-level sizing is omitted.

Valuation: At 17× earnings, EXC trades 24% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Rate-case driven revenue opportunities: Exelon has multiple filings and requested revenue requirement increases across its regulated utility businesses, including ComEd, PECO, and PEPCO entities.
  • Broad regulated electricity and gas platform: The company participates in regulated retail sales of electricity and natural gas, and also provides transmission and distribution of electricity and distribution of natural gas.

Bear case

  • Regulatory outcome risk: Because earnings depend on regulated revenue requirements, the timing and final approvals from regulators in rate cases and plan filings can differ from what is requested.
  • Complexity across multiple utility jurisdictions: Several utility subsidiaries are tied to separate rate cases and plan processes, which can create execution and regulatory variability.
Valuation — source: SEC EDGAR (first-party)
Price$43.75
Market Cap$44.76B
P/E Ratio14.5
EV / EBITDA7.7
Price / Book1.53
Price / Sales1.72
FCF Yield-8.3%
DCF Value (model)$16.54
DCF Upside vs Price-62.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$24.26B
Net Margin11.4%
Revenue Growth (YoY)5.3%
FCF Growth (YoY)48.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.74 (distress)
Valuation vs Sector & Industry
Stock P/E14.5
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector-30.6%
vs Industry-27.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.72B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorUtilities
IndustryUtilities
CEOCalvin G. Butler Jr.
Employees20,000
CountryUS
IPO Date1973-05-02

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • Duke Energy Corporation (DUK)
  • Xcel Energy Inc. (XEL)
  • Pacific Gas & Electric Co. (PCG)
  • Consolidated Edison, Inc. (ED)
  • Public Service Enterprise Group Incorporated (PEG)
  • WEC Energy Group, Inc. (WEC)
  • Ameren Corporation (AEE)
  • CMS Energy Corporation (CMS)
EXC earnings history · EXC institutional & insider holders · EXC KPIs & operating metrics · EXC financials · EXC investor presentations & press releases · EXC SEC filings · EXC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.