In the last trading session, 2.73 million shares of the Constellation Energy Corporation (NASDAQ:CEG) were traded, and its beta was 0.83. Most recently the company’s share price was $321.83, and it changed around $12.04 or 3.89% from the last close, which brings the market valuation of the company to $100.68B. CEG currently trades at a discount to its 52-week high of $352.00, offering almost -9.37% off that amount. The share price’s 52-week low was $126.73, which indicates that the current value has risen by an impressive 60.62% since then. We note from Constellation Energy Corporation’s average daily trading volume that its 10-day average is 5.85 million shares, with the 3-month average coming to 3.82 million.
Constellation Energy Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.65. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended CEG as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Constellation Energy Corporation is expected to report earnings per share of 2.13 for the current quarter.
Constellation Energy Corporation (NASDAQ:CEG) trade information
Instantly CEG has showed a green trend with a performance of 3.89% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 322.00 on recent trading dayincreased the stock’s daily price by 0.05%. The company’s shares are currently up 43.86% year-to-date, but still up 5.07% over the last five days. On the other hand, Constellation Energy Corporation (NASDAQ:CEG) is 31.98% up in the 30-day period. We can see from the shorts that 6.52 million shares have been sold at a short interest cover period of 1.62 day(s).
The consensus price target as assigned by Wall Street analysts is $271.5, which translates to bulls needing to decrease their stock price by -18.54% from its current value. Analyst projections state that CEG is forecast to be at a low of $234 and a high of $313.
Constellation Energy Corporation (CEG) estimates and forecasts
The year-over-year growth rate is expected to be -7.15%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 4.72B in revenue for the current quarter. 2 analysts expect Constellation Energy Corporation to make 5.35B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.8B and 6.16B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -18.57%. Forecasts for the next quarter put sales growth at -13.20%.
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 50.93% in 2025, but the outlook is positive 22.38% per year for the next five years.
CEG Dividends
Constellation Energy Corporation’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.44 percent and its annual dividend per share was 1.41. It is important to note, however, that the 0.44% 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 0.34% of Constellation Energy Corporation shares, and 86.24% of them are in the hands of institutional investors. The stock currently has a share float of 86.53%. Constellation Energy Corporation stock is held by 1908.0 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.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 9.98 shares worth $3.21 billion, making up 3.19% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 8.19 shares worth around $2.64 billion, which represents about 2.62% of the total shares outstanding.
