5 Best Nuclear Energy Stocks To Buy Today

3. Exelon Corporation (NYSE:EXC)

Number of Hedge Fund Holders: 43

Exelon Corporation (NYSE:EXC) is an energy company working on energy generation, delivery, and marketing businesses in the US and Canada. The company owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities.

A Neutral rating was reiterated on Exelon Corporation (NYSE:EXC) shares on October 24 by analyst Shariar Pourreza at Guggenheim.

Exelon Corporation (NYSE:EXC) had strong EPS growth in the third quarter, in the 6-8% range, along with an attractive dividend yield of 3.38%. Analysts at Bank of America see the company’s earnings rising by 10% in 2022, and in 2023 the per-share profit growth is seen at 3%.

Our hedge fund data shows 43 funds long Exelon Corporation (NYSE:EXC) in the third quarter, with a total stake value of $1.5 billion.

ClearBridge Investments, an investment management firm, mentioned Exelon Corporation (NYSE:EXC) in its first-quarter 2022 investor letter. Here’s what the firm said:

“U.S. electric utility Exelon (NASDAQ:EXC) was also a top contributor. Exelon is a pure transmission and distribution regulated utility business serving millions of electric and gas customers across Delaware, Illinois, Maryland, New Jersey, Pennsylvania and the District of Columbia. Shares outperformed along with the utilities sector; Exelon is also starting to be viewed as a premium name after its recently completed spin-off of power generation business Constellation Energy (NASDAQ:CEG).”