Exelon Corp

In the past couple of months, institutions have increased their positions in Exelon by nearly 2%, from 85.6% to 87.2%, as of October 3, 2016.

Exelon (EXC) stock has corrected nearly 2% in the last year. Including dividends, its returns have come in at ~3%.

Exelon Corporation’s (EXC) stock has been hammered in the last six years. In 2008, the stock was trading at ~$90 per share. Early this year, the stock was available at less than $27 per share.

Institutional investors hold most of Dominion Resources’ (D) outstanding shares. As of June 30, 2014, a total of 351.2 million shares were held by 1,069 institutions.

Power generation is a significant segment for Exelon, generating more than 60% of its total revenue. The energy delivery business provides the other 40% of the company’s revenues.

The defensives and utilities sector fell more than 2% last week while broader markets fell just 0.3%. Here’s why.

Currently, the Utilities Select Sector SPDR ETF (XLU) is trading at $58.2 after hitting an all-time high of $58.7 last week.

FirstEnergy (FE) has been one of the top-performing stocks among the S&P 500 Utilities Index (XLU) this year.

US utilities including giants like Duke Energy (DUK) and Southern Company (SO) have done fairly well in the last few months compared to broader markets.

Duke Energy’s (DUK) adjusted return on equity stayed below 8% due to volatile earnings from international operations. This ROE was on the lower side of the industry average.

As of September 30, 2015, Southern Company had total debt of $27 billion against equity of $20.6 billion. Of this, $22.3 billion is long-term debt.

PPL is concentrated in the UK. It manages utility operations through PPL Global, PPL Electric, Louisville Gas and Electric, and Kentucky Utilities.

FirstEnergy’s revenues are primarily derived from electric services provided by ten subsidiaries. The company serves a combined population of ~13.5 million.

Demand growth for electricity in the last decade has been sluggish due to increasingly energy-efficient devices and equipment.

Exelon (EXC) manages end-to-end operations in the power utilities segment through its subsidiaries.

The top electric utility companies in the U.S. include Duke Energy, Exelon Corporation, Southern Company, NextEra Energy, and Dominion Resources. These companies are largest in terms of market cap.