Constellation Energy (CEG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $256.82 to $264.77
• 50-Day Range: $173.11 to $285.52
• 52-Week Range: $109.44 to $288.75
• Volume: 2.80 million shs
• Average Volume: 2.95 million shs
• Market Capitalization: $80.71 billion
• P/E Ratio: 34.37
• Dividend Yield: 0.55%
• Price Target: $278.43
• Consensus Rating: Moderate Buy

Constellation Energy Stock Analysis - MarketRank™

Constellation Energy scored higher than 76% of companies evaluated by MarketBeat, and ranked 115th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Constellation Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 9 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Constellation Energy has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.30%

Earnings Growth

Earnings for Constellation Energy are expected to grow by 11.30% in the coming year, from $8.05 to $8.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Constellation Energy is 34.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.20.

Price to Earnings Ratio vs. Sector

The P/E ratio of Constellation Energy is 34.37, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.59.

Price to Earnings Growth Ratio

Constellation Energy has a PEG Ratio of 1.29. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Constellation Energy has a P/B Ratio of 7.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.55% of the float of Constellation Energy has been sold short.

Short Interest Ratio / Days to Cover

Constellation Energy has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Constellation Energy has recently decreased by 15.38%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Constellation Energy has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Constellation Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Constellation Energy is 18.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Constellation Energy will have a dividend payout ratio of 15.74% next year. This indicates that Constellation Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.55% of the float of Constellation Energy has been sold short.

Short Interest Ratio / Days to Cover

Constellation Energy has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Constellation Energy has recently decreased by 15.38%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.75

News Sentiment

Constellation Energy has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Constellation Energy this week, compared to 4 articles on an average week.

Search Interest

109 people have searched for CEG on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.

MarketBeat Follows

46 people have added Constellation Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Constellation Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.23% of the stock of Constellation Energy is held by insiders.

Percentage Held by Institutions

82.24% of the stock of Constellation Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 the year. Since then, CEG shares have increased by 120.8% and is now trading at $258.10.
View the best growth stocks for 2024 here.

How were Constellation Energy's earnings last quarter?

Constellation Energy Co. (NASDAQ:CEG) announced its earnings results on Tuesday, August, 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by $0.04. Constellation Energy's revenue was up .5% compared to the same quarter last year.

Who are Constellation Energy's major shareholders?

Top institutional investors of Constellation Energy include International Assets Investment Management LLC (0.85%), Principal Financial Group Inc. (0.20%), New York State Common Retirement Fund (0.15%) and National Pension Service (0.13%).
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.

What other stocks do shareholders of Constellation Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Constellation Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Humana (HUM), Advanced Micro Devices (AMD), American Water Works (AWK) and Salesforce (CRM).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/6 Dividend: 8/12/2024
• Dividend Payable: 9/06/2024
• Today: 11/02/2024
• Next Earnings (Confirmed): 11/04/2024
• Dividend Payable: 12/06/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 12/6 Dividend: 1/01/2100

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:CEG
• CUSIP: N/A
• CIK: 1868275
• Web: www.constellation.com
• Phone: 610-765-5959
• Fax: N/A
• Employees: 13,871
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $278.43
• High Stock Price Target: $342.00
• Low Stock Price Target: $189.00
• Potential Upside/Downside: +7.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.51
• Trailing P/E Ratio: 34.37
• Forward P/E Ratio: 32.06
• P/E Growth: 1.29
• Net Income: $1.62 billion
• Net Margins: 10.16%
• Pretax Margin: 12.95%
• Return on Equity: 15.48%
• Return on Assets: 3.56%

Debt

• Debt-to-Equity Ratio: 0.92
• Current Ratio: 1.35
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $24.92 billion
• Price / Sales: 3.24
• Cash Flow: $12.77 per share
• Price / Cash Flow: 20.21
• Book Value: $35.34 per share
• Price / Book: 7.30

Miscellaneous

• Outstanding Shares: 312,690,000
• Free Float: 311,970,000
• Market Cap: $80.71 billion
• Optionable: Optionable
• Beta: 0.73