Constellation Energy Corporation (NASDAQ:CEG) has a beta value of 0.78 and has seen 10.68 million shares traded in the last trading session. The company, currently valued at $69.35B, closed the last trade at $225.95 per share which meant it lost -$32.15 on the day or -12.46% during that session. The CEG stock price is -27.79% off its 52-week high price of $288.75 and 51.56% above the 52-week low of $109.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.03 million shares traded. The 3-month trading volume is 3.29 million shares.
The consensus among analysts is that Constellation Energy Corporation (CEG) is Buy stock at the moment, with a recommendation rating of 1.80. 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. The expected earnings per share for the stock is 2.64.
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Constellation Energy Corporation (NASDAQ:CEG) trade information
Sporting -12.46% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CEG stock price touched $225.95 or saw a rise of 15.69%. Year-to-date, Constellation Energy Corporation shares have moved 93.30%, while the 5-day performance has seen it change -15.37%. Over the past 30 days, the shares of Constellation Energy Corporation (NASDAQ:CEG) have changed -20.86%. Short interest in the company has seen 4.84 million shares shorted with days to cover at 1.13.
Wall Street analysts have a consensus price target for the stock at $264, which means that the shares’ value could jump 14.41% from current levels. The projected low price target is $69.0 while the price target rests at a high of $313.0. In that case, then, we find that the current price level is -38.53% off the targeted high while a plunge would see the stock lose 69.46% from current levels.
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 14.29% over the past 6 months, with this year growth rate of 60.68%, compared to -6.00% for the industry. Revenue growth from the last financial year stood is estimated to be -6.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 5.71B for the current quarter. 4 have an estimated revenue figure of 5.74B for the next ending quarter. Year-ago sales stood 6.11B and 5.8B respectively for this quarter and the next, and analysts expect sales will shrink by -6.50% for the current quarter and -6.60% for the next.
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 45.72% 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 in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.34 at a share yield of 0.59%. 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 84.91% with a share float percentage of 85.11%. Investors are also buoyed by the number of investors in a company, with Constellation Energy Corporation having a total of 1763.0 institutions that hold shares in the company. The top two institutional holders are AUSTIN PRIVATE WEALTH, LLC with over 40.0 million shares worth more than $801.0. As of 2024-06-30, AUSTIN PRIVATE WEALTH, LLC held 12.6183% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 36.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.33 billion and represent 11.5438% of shares outstanding.
