In today’s recent session, 1.45 million shares of the Constellation Energy Corporation (NASDAQ:CEG) have been traded, and its beta is 0.77. Most recently the company’s share price was $263.39, and it changed around -$16.0 or -5.73% from the last close, which brings the market valuation of the company to $82.36B. CEG at last check was trading at a discount to its 52-week high of $288.75, offering almost -9.63% off that amount. The share price’s 52-week low was $109.44, which indicates that the recent value has risen by an impressive 58.45% since then. We note from Constellation Energy Corporation’s average daily trading volume that its 10-day average is 3.64 million shares, with the 3-month average coming to 3.59 million.
Constellation Energy Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.78. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended CEG as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Constellation Energy Corporation is expected to report earnings per share of 2.51 for the current quarter.
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Constellation Energy Corporation (NASDAQ:CEG) trade information
Instantly CEG has been showing red trend so far today with a performance of -5.73% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 288.75 on recent trading dayincreased the stock’s daily price by 8.78%. The company’s shares are currently up 125.33% year-to-date, but still down -0.75% over the last five days. On the other hand, Constellation Energy Corporation (NASDAQ:CEG) is 46.12% up in the 30-day period. We can see from the shorts that 6.49 million shares have been sold at a short interest cover period of 2.53 day(s).
The consensus price target as assigned by Wall Street analysts is $263, which translates to bulls needing to decrease their stock price by -0.15% from its current value. Analyst projections state that CEG is forecast to be at a low of $69 and a high of $313.
Constellation Energy Corporation (CEG) estimates and forecasts
Constellation Energy Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.84 percent over the past six months and at a 58.68% annual growth rate that is well above the industry average of -3.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 11.10% in revenue this quarter, and will report an increase of 1,963.60% in the next quarter. The year-over-year growth rate is expected to be -5.80%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 6B in revenue for the current quarter. 3 analysts expect Constellation Energy Corporation to make 5.22B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.11B and 5.8B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.90%. Forecasts for the next quarter put sales growth at -9.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 34.63%. Constellation Energy Corporation earnings are expected to increase by 44.76% in 2024, but the outlook is positive 19.55% per year for the next five years.
CEG Dividends
Constellation Energy Corporation’s next quarterly earnings report is expected to be released on 2024-Aug-06. The annual dividend yield of the stock is 0.51 percent and its annual dividend per share was 1.34. It is important to note, however, that the 0.51% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Constellation Energy Corporation (NASDAQ:CEG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.23% of Constellation Energy Corporation shares, and 84.91% of them are in the hands of institutional investors. The stock currently has a share float of 85.11%. Constellation Energy Corporation stock is held by 1709.0 institutions, with AUSTIN PRIVATE WEALTH, LLC being the largest institutional investor. By 2024-06-30, it held 12.6183% of the shares, which is about 40.0 million shares worth $801.0.
VANGUARD GROUP INC, with 11.5438% or 36.59 million shares worth $7.33 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
