Regulated Utilities Continue Driving Growth for Exelon
We are reaffirming our fair value estimate, narrow-moat rating, and stable moat trend rating after Exelon reported $0.91 per share adjusted operating earnings for the third quarter. As we expected, the March acquisition of Pepco Holdings accounted for most of the growth.Consolidated adjusted earnings in the quarter were down 6% from the third quarter of 2015, excluding the earnings contribution from Pepco. We expect full-year 2016 earnings per share to be down 4% on a comparable basis adjusting...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
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