Exelon rated BUY with 3.86% yield, strong growth outlook, and defensive utility model amid economic uncertainty.

Exelon (EXC) is rated a BUY due to its stable regulated utility business, offering a 3.86% dividend yield and attractive valuation after spinning off Constellation Energy. The company plans a 4-year capital growth strategy with 5% annual dividend growth, supported by management's guidance of 5-7% adjusted EPS compound annual growth rate from 2025 to 2029. This growth is driven by a 7.9% rate base increase and rising demand for electrification. Trading below the sector's average price-to-earnings ratio and above average yield, Exelon is positioned as a defensive investment during potential economic downturns.

Exelon shares are currently trading at USD 43.64 on Pluang, showing a 2.44% increase in the last day. The stock maintains a dividend yield of 3.86%, consistent with the article's mention, as of Oct 19, 2026 14:21 WIB.