New York, March 4, 2026, 14:37 EST — Regular session
Exelon Corp (EXC.O) edged up roughly 0.7% to $49.31 this afternoon. The stock bounced between $48.65 and $49.32 during the session.
The stock is moving against a backdrop of choppy rates, which have kept pressure on dividend-rich utilities. The 10-year U.S. Treasury yield hovered around 4.082%, edging higher from Tuesday’s 4.056%, Tradeweb figures show, as reported by The Wall Street Journal.
KeyBanc’s Sophie Karp bumped up her price target on Exelon to $44 from $39, but left her Underweight rating unchanged, according to TheFly. That suggests Karp still expects the stock to trail the sector.
Utilities nudged up with the rest of the market. The Utilities Select Sector SPDR ETF picked up around 0.6%, while the SPDR S&P 500 ETF advanced roughly 0.9%. Duke Energy, NextEra Energy, and Southern Co. all saw gains as well.
Exelon is also set to pay out a quarterly dividend—$0.42 a share—on March 13, for investors who hold shares by March 2. “With a $41.3 billion four-year capital plan and 7.9% rate base growth, we are well-positioned to deliver annualized earnings growth,” CFO Jeanne Jones said in the company’s earnings statement. The rate base, in this context, refers to the group of assets the utility can earn returns on, as approved by regulators. Exelon Corporation
Back in February, Exelon projected its 2026 adjusted earnings would land between $2.81 and $2.91 a share, after outpacing fourth-quarter expectations thanks to stronger electricity rates and growing demand. “We need to focus on supply because we know it will lower electric costs,” Chief Legal Officer Colette Honorable told analysts after the results. Reuters
Exelon, a regulated utility holding company, runs electricity and gas delivery operations through the Mid-Atlantic and Midwest. Its portfolio includes ComEd in Illinois and PECO in Pennsylvania.
Still, utilities aren’t immune when rates climb. Should Treasury yields tick up, investors might bail on steady-dividend stocks, and regulators could clamp down further on returns, tightening the screws on customer billing.
Friday brings the U.S. employment report, and traders are looking for any rate signals. Eyes also on Exelon, with its dividend payment looming March 13—question is, does the utility rally stick around that long?
