12 Best Electric Utility Stocks to Buy Now

7. Exelon Corporation (NASDAQ:EXC)

Number of Hedge Fund Investors: 47

Revenue growth (year-over-year): 5.99%

One of the Best Utility Stocks, Exelon Corporation (NASDAQ:EXC) operates six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C., serving over 10 million power and gas consumers. Exelon became a fully regulated utility following the sale of its merchant generation unit, offering income-seeking investors a more secure cash flow profile.

The Chicago-based electric utility company raised its capital investment plan by $38 billion over the course of four years to finance the additional transmission lines that would raise its total industry growth. The absence and deterioration of the current power lines, which raises the market’s demand for electricity, presents a growth potential for the business. Earlier this year, a number of the company’s rate cases were accepted by authorities and put into effect after taking the funds required into account. As of March 12, 2025, Exelon Corporation (NASDAQ:EXC) saw a positive growth of 15.24% YTD, making it one of the Best Utility Stocks.

The business reported adjusted operating earnings of $2.50 per share and 2024 GAAP earnings of $2.45 per share, achieving or surpassing projections for the third year in a row. Given its sound financial strategy and balance sheet, the company’s credit rating was upgraded from S&P to BBB+ by BBB. Over 80% of the $3.5 billion capital plan increase will come from Exelon Corporation (NASDAQ:EXC)’s projected $38 billion in investments between 2025 and 2028, with a concentration on transmission. Operationally, it maintained a top-quartile severe injury event rate, and all four of its utilities achieved top-quartile dependability, with some of them placing among the top five peers.

More than 70,000 jobs are expected to be created by Exelon Corporation (NASDAQ:EXC)’s initiatives, which have already drawn $17 billion in planned capital investments from other businesses, creating more than 1,000 jobs in Northern Illinois. It also raised its dividend to $1.60 per share, which is a 5.2% increase from the year before.