Constellation Energy Corporation (NASDAQ:CEG) has a beta value of 0.75 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $58.99B, closed the recent trade at $188.66 per share which meant it lost -$1.21 on the day or -0.64% during that session. The CEG stock price is -25.25% off its 52-week high price of $236.30 and 45.72% above the 52-week low of $102.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.81 million shares traded. The 3-month trading volume is 3.61 million shares.
The consensus among analysts is that Constellation Energy Corporation (CEG) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
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Constellation Energy Corporation (NASDAQ:CEG) trade information
Sporting -0.64% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CEG stock price touched $188.66 or saw a rise of 1.14%. Year-to-date, Constellation Energy Corporation shares have moved 61.40%, while the 5-day performance has seen it change 10.99%. Over the past 30 days, the shares of Constellation Energy Corporation (NASDAQ:CEG) have changed -13.12%. Short interest in the company has seen 4.01 million shares shorted with days to cover at 1.26.
Wall Street analysts have a consensus price target for the stock at $224, which means that the shares’ value could jump 15.78% from the levels at last check today. The projected low price target is $69.0 while the price target rests at a high of $249.0. In that case, then, we find that the latest price level in today’s session is -31.98% off the targeted high while a plunge would see the stock lose 63.43% from the levels at last check today.
Constellation Energy Corporation (CEG) estimates and forecasts
Figures show that Constellation Energy Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 42.74% over the past 6 months, with this year growth rate of 56.49%, compared to 2.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 34.63% over the past 5 years. Earnings growth for 2024 is a modest 42.71% while over the next 5 years, the company’s earnings are expected to increase by 14.60%.
CEG Dividends
Constellation Energy Corporation is expected to release its next earnings report 2024-Aug-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.27 at a share yield of 0.67%. The company’s dividend yield has gone up over the past 12 months.
Constellation Energy Corporation (NASDAQ:CEG)’s Major holders
Insiders own 0.23% of the company shares, while shares held by institutions stand at 86.52% with a share float percentage of 86.72%. Investors are also buoyed by the number of investors in a company, with Constellation Energy Corporation having a total of 1627.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 36.95 million shares worth more than $6.83 billion. As of 2024-03-31, VANGUARD GROUP INC held 11.548% of shares outstanding.
The other major institutional holder is CAPITAL INTERNATIONAL INVESTORS, with the holding of over 28.44 million shares as of 2024-03-31. The firm’s total holdings are worth over $5.26 billion and represent 8.8884% of shares outstanding.
