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NASDAQ:CEG

Constellation Energy (CEG) Stock Price, News & Analysis

$215.73
+4.44 (+2.10%)
(As of 07/8/2024 ET)
Today's Range
$211.29
$216.43
50-Day Range
$184.56
$231.27
52-Week Range
$91.38
$236.30
Volume
1.63 million shs
Average Volume
2.69 million shs
Market Capitalization
$68.00 billion
P/E Ratio
28.80
Dividend Yield
0.65%
Price Target
$231.11

Constellation Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
7.1% Upside
$231.11 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
20.13%
From $7.65 to $9.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.51 out of 5 stars

Oils/Energy Sector

148th out of 230 stocks

Electric Services Industry

29th out of 42 stocks

CEG stock logo

About Constellation Energy Stock (NASDAQ:CEG)

Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

CEG Stock Price History

CEG Stock News Headlines

The Only Energy Play You Should Be Looking At
Open AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has already inked deals with the Department of Energy.
The Only Energy Play You Should Be Looking At
Open AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has already inked deals with the Department of Energy.
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Ex-Dividend for 6/10 Dividend
5/29/2024
Dividend Payable
6/10/2024
Today
7/08/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Current Symbol
NASDAQ:CEG
Fax
N/A
Employees
13,871
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$231.11
High Stock Price Target
$250.00
Low Stock Price Target
$198.00
Potential Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.62 billion
Pretax Margin
13.85%

Debt

Sales & Book Value

Annual Sales
$24.92 billion
Cash Flow
$13.23 per share
Book Value
$35.34 per share

Miscellaneous

Free Float
314,510,000
Market Cap
$68.00 billion
Optionable
Optionable
Beta
0.71
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Key Executives

  • Mr. Joseph Dominguez (Age 60)
    President, CEO & Director
    Comp: $4.71M
  • Mr. Daniel L. Eggers C.F.A. (Age 48)
    Executive VP & CFO
    Comp: $2.05M
  • Mr. Bryan Craig Hanson (Age 58)
    Executive VP & Chief Generation Officer
    Comp: $2.47M
  • Ms. Kathleen L. Barron (Age 53)
    Executive VP & Chief Strategy Officer
    Comp: $1.95M
  • Mr. James McHugh (Age 52)
    Executive VP & Chief Commercial Officer
    Comp: $1.89M
  • Mr. Matthew N. Bauer (Age 47)
    Senior VP & Controller
  • Mr. Michael R. Koehler (Age 57)
    Executive VP & Chief Administration Officer
    Comp: $2.13M
  • Mr. David O. Dardis (Age 51)
    Executive VP & General Counsel
  • Ms. Judy Rader
    Senior VP of Corporate Affairs & Chief Communications Officer
  • Ms. Susie Kutansky
    Executive VP & Chief Human Resources Officer

Should I Buy Constellation Energy Stock? CEG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Constellation Energy Co.:

  • Constellation Energy Co. has a strong institutional ownership percentage of 84.74%, indicating confidence from large investors.
  • The company's Fifty-Two Week Performance stands at 27.29%, showing positive growth over the past year.
  • With a Short Percentage of Float at 2.13%, there is potential for short squeeze opportunities.
  • Constellation Energy Co. offers a diverse range of energy-related products and sustainable solutions, tapping into multiple revenue streams.
  • Considering the current stock price of $113.69 on the record date, there may be room for capital appreciation.

Cons

Investors should be bearish about investing in Constellation Energy Co. for these reasons:

  • The Month-To-Month Change Percentage in Shares Shorted is -8.92%, indicating potential bearish sentiment in the short term.
  • Days To Cover stands at 4, suggesting a moderate level of short interest that could impact stock price volatility.
  • Shares Shorted in the previous month were at 7,510,000, which could indicate ongoing market skepticism.
  • Outstanding Shares information is not available, potentially limiting visibility into the company's capital structure.
  • Average Daily Volume of 1,690,000 shares may lead to liquidity challenges for large trades.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Constellation Energy pros and cons to contact@marketbeat.com.

CEG Stock Analysis - Frequently Asked Questions

How have CEG shares performed this year?

Constellation Energy's stock was trading at $116.89 at the beginning of 2024. Since then, CEG stock has increased by 84.6% and is now trading at $215.73.
View the best growth stocks for 2024 here
.

How were Constellation Energy's earnings last quarter?

Constellation Energy Co. (NASDAQ:CEG) released its earnings results on Thursday, May, 9th. The utilities provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.18. The firm's revenue for the quarter was down 18.6% on a year-over-year basis.

Who are Constellation Energy's major shareholders?

Constellation Energy's top institutional investors include DNB Asset Management AS (0.02%), Transcend Capital Advisors LLC, GAMMA Investing LLC and Bank of New Hampshire.
View institutional ownership trends
.

How do I buy shares of Constellation Energy?

Shares of CEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CEG) was last updated on 7/9/2024 by MarketBeat.com Staff

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