During the recent session, Constellation Energy Corporation (NASDAQ:CEG)’s traded shares were 1.59 million, with the beta value of the company hitting 0.77. At the last check today, the stock’s price was $261.90, reflecting an intraday loss of -0.16% or -$0.41. The 52-week high for the CEG share is $288.75, that puts it down -10.25 from that peak though still a striking 58.21% gain since the share price plummeted to a 52-week low of $109.44. The company’s market capitalization is $81.89B, and the average intraday trading volume over the past 10 days was 3.4 million shares, and the average trade volume was 3.65 million shares over the past three months.
Constellation Energy Corporation (CEG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.78. CEG has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.51.
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Constellation Energy Corporation (NASDAQ:CEG) trade information
Constellation Energy Corporation (CEG) registered a -0.16% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.16% in intraday trading to $261.90, hitting a weekly high. The stock’s 5-day price performance is -8.27%, and it has moved by 37.89% in 30 days. Based on these gigs, the overall price performance for the year is 127.60%. The short interest in Constellation Energy Corporation (NASDAQ:CEG) is 5.72 million shares and it means that shorts have 1.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $263, which implies an increase of 0.42% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $69 and $313 respectively. As a result, CEG is trading at a discount of -19.51% off the target high and 73.65% off the low.
Constellation Energy Corporation (CEG) estimates and forecasts
Statistics show that Constellation Energy Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Constellation Energy Corporation (CEG) shares have gone up 36.64% during the last six months, with a year-to-date growth rate more than the industry average at 58.68% against -5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 11.10% this quarter and then jump 1,963.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6B as predicted by 2 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 5.22B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.11B and 5.8B respectively. In this case, analysts expect current quarter sales to shrink by -1.90% and then drop by -9.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 34.63%. While earnings are projected to return 44.76% in 2024, the next five years will return 19.55% per annum.
CEG Dividends
Constellation Energy Corporation is due to release its next quarterly earnings on 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Constellation Energy Corporation is 1.34, with the dividend yield indicating at 0.51 percent, continuing the trend of increasing dividends in recent years.
Constellation Energy Corporation (NASDAQ:CEG)’s Major holders
Constellation Energy Corporation insiders own 0.23% of total outstanding shares while institutional holders control 84.93%, with the float percentage being 85.13%. AUSTIN PRIVATE WEALTH, LLC is the largest shareholder of the company, while 1720.0 institutions own stock in it. As of 2024-06-30, the company held over 40.0 million shares (or 12.6183% of all shares), a total value of $801.0 in shares.
The next largest institutional holding, with 36.59 million shares, is of VANGUARD GROUP INC’s that is approximately 11.5438% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.33 billion.
