Exelon (EXC) Price Target Increased to $52 Following Favorable Order by Maryland PSC

Exelon Corporation (NASDAQ:EXC) is included among the 15 Utility Stocks with Highest Dividends.

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 April 2, BMO Capital slightly raised its price target on Exelon Corporation (NASDAQ:EXC) from $51 to $52, while keeping an ‘Outperform’ rating on the shares. The revised target reflects an upside of over 6% from the current levels.

The development comes after the Maryland Public Service Commission delivered its much-awaited final order on Pepco’s initial multi-year rate plan, including a reconciliation for the third rate year. The commission approved a $13.36 million increase in Pepco’s rates in its decision. BMO Capital also highlighted Exelon Corporation (NASDAQ:EXC)’s low-risk transmission and distribution business profile, strong and visible fundamental growth outlook, and supportive regulatory environment, which make the company well-positioned to drive multiple expansions.

Exelon Corporation (NASDAQ:EXC) was also recently included in our list of the 15 Best Electric Utility Stocks to Invest in Now.

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