Exelon Corporation (NYSE: EXC ) shares took a dip recently when it announced that, on its current path, it would either have to lower its dividend or damage its credit rating. The company has recently said that both its industry-leading dividend and its credit rating are top priorities, and it has identified some major savings that can help the company preserve both. That news, combined with the conclusion of the company's recent merger with Constellation Energy, puts them on track for hundreds of millions of dollars of operation and maintenance savings annually, which has Motley Fool energy analyst Taylor Muckerman excited about Exelon. In this video, he outlines the details of the company's dividend preservation plan and synergies from the merger, and talks about how the company manages its portfolio in a way to mitigate risk, and keep it on track for future earnings.
As the nation moves increasingly toward clean energy, Exelon is perfectly positioned to capitalize on having the largest nuclear fleet in North America. An increased focus on renewable energy combined with Exelon's recent merger with Constellation places it and its best-in-class dividend on a short list of top utilities. To determine if Exelon is a good long-term fit for your portfolio, you're invited to check out The Motley Fool's premium research report on the company. Simply click here now for instant access.