In yesterday’s Wall Street session, Constellation Energy Corporation (NASDAQ:CEG) shares traded at $84.04, up 0.61% from the previous session.
13 analysts cover Constellation Energy Corporation (NASDAQ:CEG), according to research data. The consensus rating among analysts is ‘Overweight’. CEG stock price is now 8.62% away from the 50-day moving average and 0.59% away from the 200-day moving average. The market capitalization of the company currently stands at $26.97B.
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The stock has received a hold rating from 4 analysts and a buy rating from 9.
Insiders disposed of 128,803 shares of company stock worth roughly $10.82 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CEG stock. A new stake in Constellation Energy Corporation shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $172,088,000. ZIMMER PARTNERS, LP invested $94,250,000 in shares of CEG during the first quarter. In the first quarter, DAVIDSON KEMPNER PARTNERS acquired a new stake in Constellation Energy Corporation valued at approximately $93,338,000. SOUND SHORE MANAGEMENT INC /CT/ acquired a new stake in CEG for approximately $77,638,000. MAVERICK CAPITAL LTD purchased a new stake in CEG valued at around $69,174,000 in the second quarter. In total, there are 1,156 active investors with 83.30% ownership of the company’s stock.
On Tuesday morning Constellation Energy Corporation (NASDAQ: CEG) stock kicked off with the opening price of $83.36. During the past 12 months, Constellation Energy Corporation has had a low of $52.64 and a high of $97.89. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.40, and a quick ratio of 1.10. The fifty day moving average price for CEG is $77.51 and a two-hundred day moving average price translates $83.59 for the stock.
The latest earnings results from Constellation Energy Corporation (NASDAQ: CEG) was released for Mar, 2023. According to the Utilities – Renewable Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.88 by -0.59. This compares to $0.32 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -1.60% for CEG. The company reported revenue of $7.57 billion for the quarter, compared to $5.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.31 percent. For the current quarter, analysts expect CEG to generate $4.85B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/12/2023 were paid a $0.282 dividend. On an annualized basis, this represents a $1.13 dividend and a 1.34% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend.
Constellation Energy Corporation(CEG) Company Profile
Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, and other energy-related products and services. The company has approximately 32,355 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.
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