Nevertheless, Exelon is still pretty cheap, trading for 11 times trailing earnings, just below the utility average.

FORBES

Those in the Dow Jones Utility Average yield 6% or more, versus 4.2% for the common stocks in that index.

FORBES: Forget The Dogs, For Rich Income Look To Dow Preferreds

The report noted that among the components of the Dow Jones Utility Average, ETR shares displayed both attractive valuation metrics and strong profitability metrics.

FORBES: ETR Named 'Top Dividend Stock of the Dow Utilities' at Dividend Channel With 5.0% Yield