12 Best Utility Stocks to Buy According to Hedge Funds

Page 2 of 11

10. Exelon Corporation (NASDAQ:EXC)

Number of Hedge Fund Holders: 34

Exelon Corporation (NASDAQ:EXC), headquartered in Chicago, is one of the largest regulated electric utilities in the United States. The company serves over 10 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia, Exelon Corporation (NASDAQ:EXC) focuses on electricity generation, transmission, and distribution. The company operates a diverse energy mix, including nuclear, natural gas, wind, and solar power.

Exelon Corporation (NASDAQ:EXC) is investing heavily in modernizing its transmission and distribution infrastructure. The company has a planned capital expenditure of $9.7 billion for electric transmission investments through 2027, which will enable it to support increasing demand for electricity, particularly from data centers and other high-density load customers. Exelon Corporation’s (NASDAQ:EXC) subsidiary, ComEd, is experiencing significant growth in data center load, with high-probability load increasing from 6 gigawatts to 11 gigawatts. To accommodate this growth, Exelon Corporation (NASDAQ:EXC) is upgrading its transmission infrastructure, including the replacement of aging wooden poles with steel poles and the installation of new substations and transmission lines.

In addition to its infrastructure investments, Exelon Corporation (NASDAQ:EXC) is committed to maintaining a strong balance sheet and financial discipline. The company has completed its planned long-term debt financing for the year and is pursuing strategic initiatives to drive operational excellence and customer affordability, including the implementation of multi-year plans and the adoption of cost-saving measures.

Page 2 of 11