Hang On to This Utility
During the last nine months, Exelon's (EXC) shareholders have had a rough ride. A year ago, in August, I recommended Exelon when it was priced at $40.72 per share. Today the stock is below $36, but it pays $2.10 in dividends, or 5.9%. Still, there is much more value to Exelon than just the payout.
Exelon is a unique utility holding company. It owns three separate electric-distribution companies serving the metropolitan areas of Chicago, Philadelphia and Baltimore, and each subsidiary owns regulated assets governed by state utility commissions. If Exelon can manage state affairs properly, its regulated assets should provide shareholders solid returns with minimal risks....681 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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