Exelon's Performance on Track; Adds FitzPatrick Nuclear Plant to Fleet
We are reaffirming our $30 per share fair value estimate, narrow-moat rating, and stable moat trend rating after Exelon reported earnings of $0.65 per share in the second quarter on an adjusted basis, up from $0.59 per share in the second quarter of 2015. Management reaffirmed its full-year 2016 earnings per share guidance of $2.40-$2.70, in line with our estimate. We expect a more detailed outlook and update from management during Exelon's investor conference on Aug. 10. We don't anticipate any...Exelon is a utility services holding company engaged in the generation, delivery and marketing of energy through Exelon Generation Company, LLC and the energy distribution and transmission businesses through Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company. Through its business services subsidiary Exelon Business Services Company, LLC, the company provides its subsidiaries with a variety of support services.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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