Exelon Corp
EXC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$43.00 | Hmxvgm | Dklkqsmy |
New CEO Likely To Maintain Exelon's Focus on Regulated Utilities
Business Strategy and Outlook
After spinning off its merchant generation and retail energy segment, Constellation Energy, through a distribution to Exelon shareholders, the new Exelon is now a pure-play electric and gas transmission and distribution utility providing investors a more stable earnings profile. We viewed the separation positively for shareholders. A standalone regulated utility strengthens Exelon's narrow moat and lowers the company's cost of capital.