In the latest trading session, 0.63 million Constellation Energy Corporation (NASDAQ:CEG) shares changed hands as the company’s beta touched 0.77. With the company’s most recent per share price at $265.42 changed hands at -$0.58 or -0.22% at last look, the market valuation stands at $82.99B. CEG’s current price is a discount, trading about -8.79% off its 52-week high of $288.75. The share price had its 52-week low at $109.44, which suggests the last value was 58.77% up since then. When we look at Constellation Energy Corporation’s average trading volume, we note the 10-day average is 2.88 million shares, with the 3-month average coming to 3.55 million.
Analysts gave the Constellation Energy Corporation (CEG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CEG as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Constellation Energy Corporation’s EPS for the current quarter is expected to be 2.57.
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Constellation Energy Corporation (NASDAQ:CEG) trade information
Instantly CEG was in red as seen in intraday trades today. With action -5.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 127.07%, with the 5-day performance at -5.14% in the red. However, in the 30-day time frame, Constellation Energy Corporation (NASDAQ:CEG) is 4.71% up. Looking at the short shares, we see there were 5.72 million shares sold at short interest cover period of 1.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 264, meaning bulls need a downside of -0.54% from its recent market value. According to analyst projections, CEG’s forecast low is 69 with 313 as the target high. To hit the forecast high, the stock’s price needs a -17.93% plunge from its current level, while the stock would need to tank 74.0% for it to hit the projected low.
Constellation Energy Corporation (CEG) estimates and forecasts
Data shows that the Constellation Energy Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.58% over the past 6 months, a 59.88% in annual growth rate that is considerably higher than the industry average of -3.30%. Year-over-year growth is forecast to reach -6.70% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 5.71B. 4 analysts are of the opinion that Constellation Energy Corporation’s revenue for the current quarter will be 5.74B. The company’s revenue for the corresponding quarters a year ago was 6.11B and 5.8B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.50%. The estimates for the next quarter sales put growth at -1.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 34.63%. The 2024 estimates are for Constellation Energy Corporation earnings to increase by 44.89%, but the outlook for the next 5-year period is at 19.55% per year.
CEG Dividends
Constellation Energy Corporation is expected to release its next quarterly earnings report on 2024-Aug-06. The 0.50% annual yield figure for the share gives it an annual dividend of 1.34. It is important to note, however, that the 0.50% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Constellation Energy Corporation (NASDAQ:CEG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.23% of Constellation Energy Corporation shares while 84.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.17%. There are 84.97% institutions holding the Constellation Energy Corporation stock share, with AUSTIN PRIVATE WEALTH, LLC the top institutional holder. As of 2024-06-30, the company held 12.6183% of the shares, roughly 40.0 million CEG shares worth $801.0.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.5438% or 36.59 million shares worth $7.33 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 9.95 shares estimated at $2.65 billion under it, the former controlled 3.18% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.59% of the shares, roughly 8.09 shares worth around $2.16 billion.
