11 Best Utility Stocks to Buy for Dividends in 2026

7. Exelon Corporation (NASDAQ:EXC) 

Number of Hedge Fund Holders: 45

Dividend Yield as of March 7: 3.40%

Exelon Corporation (NASDAQ:EXC) is one of the country’s largest utility companies, serving more than 10 million customers through six fully regulated transmission and distribution utilities.

On March 5, Evercore ISI raised its price target on Exelon Corporation (NASDAQ:EXC) from $55 to $58, while maintaining its ‘Outperform’ rating on the shares. The updated target, which indicates an upside of over 17% from the current levels, comes as the firm revised its estimates on many power and utilities operators following the Q4 2025 earnings season.

Exelon Corporation (NASDAQ:EXC) exceeded earnings estimates in its Q4 results posted last month, helped by the higher electricity rates and rising power demand. The company is targeting an adjusted EPS in the range of $2.81-$2.91 in FY 2026, up from the $2.77 it achieved last year. The utility is projecting $41.3 billion of capital spending over the next four years, with aims to deliver annualized earnings growth near the top end of its 5%-7% guidance range through 2029.

Exelon Corporation (NASDAQ:EXC) boasts an impressive annual dividend yield of 3.40%, putting it among the 10 High Yield Utility Stocks to Buy in 2026.