Most large utilities (electric & diversified) look about the same recently (up/up/and up more). Investors must be chasing the yields that utilities provide with interest rates so low. This is the only explanation I can think of.
I hope no one has not heard of the div cut but I bet there are plenty of investors who have not. Who would except 3.4% at 37/share is beyond my logic. 3.4% on the risks in a nuclear energy investment ??????? Good luck investors in EXC.
.31 x 4 qtrs = 1.24/yr @32/share = 3.875% annual dividend. 3.875% is laughable considering the nuclear risk of EXC. EXC is not a good buy vs other utilities at $32/share. Investors buy utilities mainly for % annual dividend yield. Just my opinion.