Should I buy or sell Constellation Energy stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Constellation Energy in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CEG, but not buy additional shares or sell existing shares. View CEG analyst ratings or view top-rated stocks .

What is Constellation Energy's stock price target for 2024?

9 Wall Street analysts have issued 1 year price objectives for Constellation Energy's shares. Their CEG share price targets range from $81.00 to $129.00. On average, they anticipate the company's share price to reach $102.00 in the next twelve months. This suggests that the stock has a possible downside of 8.3%. View analysts price targets for CEG or view top-rated stocks among Wall Street analysts .

How have CEG shares performed in 2023?

Constellation Energy's stock was trading at $86.21 on January 1st, 2023. Since then, CEG shares have increased by 29.1% and is now trading at $111.28. View the best growth stocks for 2023 here .

When is Constellation Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our CEG earnings forecast .

How were Constellation Energy's earnings last quarter?

Constellation Energy Co. (NASDAQ:CEG) posted its quarterly earnings data on Monday, November, 6th. The utilities provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.78. The utilities provider earned $6.11 billion during the quarter, compared to analyst estimates of $7.01 billion. Constellation Energy had a net margin of 6.40% and a trailing twelve-month return on equity of 14.71%. Constellation Energy's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.57) earnings per share.

How often does Constellation Energy pay dividends? What is the dividend yield for Constellation Energy?

Constellation Energy declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.282 per share on Friday, December 8th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 16th. Read our dividend analysis for CEG .

Is Constellation Energy a good dividend stock?

Constellation Energy (NASDAQ:CEG) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.94%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CEG will have a dividend payout ratio of 16.64% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CEG .

What ETFs hold Constellation Energy's stock?

ETFs with the largest weight of Constellation Energy (NASDAQ:CEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR) , Invesco S&P Spin-Off ETF (CSD) , Virtus Reaves Utilities ETF (UTES) , Invesco Dorsey Wright Utilities Momentum ETF (PUI) , Invesco S&P 500 Equal Weight Utilities ETF (RSPU) , Invesco S&P 500 Equal Weight Utilities ETF (RYU) , Utilities Select Sector SPDR Fund (XLU) and iShares U.S. Utilities ETF (IDU) .

Who are Constellation Energy's major shareholders?

Constellation Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (6.14%), Bank of New York Mellon Corp (1.88%), Morgan Stanley (1.34%), Northern Trust Corp (1.06%), Invesco Ltd. (0.70%) and Legal & General Group Plc (0.60%).

How do I buy shares of Constellation Energy?

Shares of CEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Constellation Energy Stock Price, News & Analysis (NASDAQ:CEG)

$111.21

+0.68 (+0.62%)

(As of 05:28 PM ET)

Compare

Today's Range: $109.65
▼
$111.61
50-Day Range: $104.73
▼
$126.52
52-Week Range: $71.16
▼
$127.24

Volume: 2.63 million shs
Average Volume: 1.99 million shs
Market Capitalization: $35.52 billion

P/E Ratio: 21.35
Dividend Yield: 1.01%
Price Target: $102.00

Constellation Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 8.3% Downside
$102.00 Price Target
Short Interest: Healthy
1.74% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.77
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.75%
From $6.92 to $6.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Oils/Energy Sector

138th out of 190 stocks

Electric Services Industry

30th out of 36 stocks

1.2

Analyst's Opinion

Consensus Rating
Constellation Energy has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $102.00, Constellation Energy has a forecasted downside of 8.3% from its current price of $111.28.
Amount of Analyst Coverage
Constellation Energy has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.74% of the float of Constellation Energy has been sold short.
Short Interest Ratio / Days to Cover
Constellation Energy has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Constellation Energy has recently decreased by 2.97%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Constellation Energy has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Constellation Energy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Constellation Energy is 21.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Constellation Energy will have a dividend payout ratio of 16.64% next year. This indicates that Constellation Energy will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CEG.

2.7

News and Social Media Coverage

News Sentiment
Constellation Energy has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Constellation Energy this week, compared to 3 articles on an average week.
Search Interest
Only 6 people have searched for CEG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
12 people have added Constellation Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Constellation Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Constellation Energy is held by insiders.
Percentage Held by Institutions
83.47% of the stock of Constellation Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Constellation Energy are expected to decrease by -2.75% in the coming year, from $6.92 to $6.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Constellation Energy is 21.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.78.
Price to Earnings Ratio vs. Sector
The P/E ratio of Constellation Energy is 21.36, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.92.
Price to Earnings Growth Ratio
Constellation Energy has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Constellation Energy has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Constellation Energy Stock (NASDAQ:CEG)

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.

CEG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CEG Stock News Headlines

November 8, 2023 | marketbeat.com

Spark up your portfolio with the top energy stock: ReNew Energy

As the energy sector pivots to renewables after oil price shocks, these names stand out as the market's favorites, but one stands above the rest

December 6, 2023 | finance.yahoo.com

Constellation Joins Climate Leaders at COP28; Signs Industry Pledge to Triple Nuclear Energy by 2050

December 8, 2023 | Edge On The Street (Ad)

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?

A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.

December 5, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights NVIDIA, Vertiv Holdings, Copart, Insulet and Constellation Energy

November 29, 2023 | benzinga.com

Spotlight on Constellation Energy: Analyzing the Surge in Options Activity

November 29, 2023 | finance.yahoo.com

Is Constellation Energy Corporation's (NASDAQ:CEG) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

November 27, 2023 | insidermonkey.com

5 Best Nuclear Energy Stocks To Buy Today

November 21, 2023 | finance.yahoo.com

Center for Energy Workforce Development Recognizes Constellation with Community Partnership Award

December 8, 2023 | Autonomix (Ad)

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November 15, 2023 | finance.yahoo.com

Constellation Remains No. 1 Producer of Carbon-Free Energy, New Report Confirms

November 7, 2023 | seekingalpha.com

Constellation Energy: Great Results But Don't Get Shocked

November 7, 2023 | marketwatch.com

Constellation Energy Shares Hit All-Time High After Outlook Raise

November 6, 2023 | bizjournals.com

Constellation raises yearly outlook again amid 'overperformance'

November 6, 2023 | msn.com

Constellation Energy surges to all-time high after Q3 beat and guidance raise

November 6, 2023 | seekingalpha.com

Constellation Energy Corporation 2023 Q3 - Results - Earnings Call Presentation

November 6, 2023 | msn.com

Stocks Strengthen on Hopes Fed Rate Hikes Are Done

November 6, 2023 | markets.businessinsider.com

Constellation Energy Gains On Upbeat Q3 Earnings

November 6, 2023 | markets.businessinsider.com

Constellation Energy Raises 2023 Adj. EBITDA Guidance

November 6, 2023 | finance.yahoo.com

Constellation Energy Corp (CEG) Reports Q3 2023 Earnings: GAAP Net Income of $731 Million

November 6, 2023 | msn.com

Constellation Energy raises annual profit target, extreme weather boosts demand

November 6, 2023 | finance.yahoo.com

Constellation Reports Third Quarter 2023 Results

November 2, 2023 | insidermonkey.com

5 Stocks that Could Skyrocket

November 1, 2023 | msn.com

Constellation Energy Corporation (CEG) Recently Broke Out Above the 20-Day Moving Average

October 31, 2023 | markets.businessinsider.com

Analysts Offer Insights on Utilities Companies: Constellation Energy Corporation (CEG) and Pnm Resources (PNM)

October 27, 2023 | msn.com

3 Stocks Trading Near 52-Week High That Can Climb Further

October 27, 2023 | msn.com

Chart of the Day: Constellation Energy - Renewable Energy

October 26, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Constellation Energy, Crecent Energy and Enlight Renewable Energy

See More Headlines

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Company Calendar

Last Earnings: 11/06/2023
Ex-Dividend for 12/8 Dividend: 11/16/2023
Today: 12/08/2023
Dividend Payable: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electric services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:CEG
CUSIP: N/A
CIK: 1868275
Web: www.constellation.com
Phone: 610-765-5959
Fax: N/A
Employees: 13,370
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $102.00
High Stock Price Target: $129.00
Low Stock Price Target: $81.00
Potential Upside/Downside: -7.7%
Consensus Rating: Hold
Rating Score (0-4): 2.44
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.21
Trailing P/E Ratio: 21.22
Forward P/E Ratio: 15.97
P/E Growth: 0.66
Net Income: $-160,000,000.00
Net Margins: 6.40%
Pretax Margin: 9.26%
Return on Equity: 14.71%
Return on Assets: 3.59%

Debt

Debt-to-Equity Ratio: 0.89
Current Ratio: 1.88
Quick Ratio: 1.61

Sales & Book Value

Annual Sales: $26.46 billion
Price / Sales: 1.33
Cash Flow: $6.39 per share
Price / Cash Flow: 17.29
Book Value: $34.78 per share
Price / Book: 3.18

Miscellaneous

Outstanding Shares: 319,382,000
Free Float: 318,679,000
Market Cap: $35.30 billion
Optionable: Not Optionable
Beta: 0.57

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Key Executives

Mr. Joseph Dominguez (Age 59)
President, CEO & Director
Comp: $3.35M
Mr. Daniel L. Eggers C.F.A. (Age 47)
Executive VP & CFO
Comp: $1.52M
Mr. Michael R. Koehler (Age 56)
Executive VP & Chief Administration Officer
Comp: $2.13M
Mr. Bryan Craig Hanson (Age 57)
Executive VP & Chief Generation Officer
Comp: $1.91M
Mr. James McHugh (Age 51)
Executive VP & Chief Commercial Officer
Comp: $1.46M
Mr. Matthew N. Bauer (Age 46)
Senior VP & Controller
Mr. David O. Dardis (Age 50)
Executive VP & General Counsel
Ms. Judy Rader
Senior VP of Corporate Affairs & Chief Communications Officer
Ms. Susie Kutansky
Senior VP & Chief Human Resources Officer
Ms. Susan R. Landahl (Age 62)
Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Constellation Energy Stock? CEG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Constellation Energy was last updated on Tuesday, November 28, 2023 at 9:35 AM.

Pros

Here are some ways that investors could benefit from investing in Constellation Energy Co.:

Constellation Energy Co. has a diverse portfolio of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. This diversification reduces the risk associated with relying on a single energy source.
Despite most stocks in the clean energy space being in bear market territory, Constellation Energy Co. is trading at a high price compared to its 52-week high. This indicates a bullish momentum and potential for further growth.
Constellation Energy Co. operates in the electric services industry, which is essential for modern society. The demand for electricity is expected to continue growing, providing a stable market for the company.
Recent developments in the clean energy sector have increased the importance of renewable energy sources. Constellation Energy Co.'s focus on wind, solar, and hydroelectric assets positions it well to capitalize on this trend.
Investors may find the current stock price of Constellation Energy Co. attractive, considering its potential for growth and the company's strong presence in the electricity market.

Cons

Investors should be bearish about investing in Constellation Energy Co. for these reasons:

Analysts are forecasting a net downside of 20% for Constellation Energy Co.'s stock. This suggests that there may be potential risks or challenges ahead for the company.
Constellation Energy Co.'s projected EPS growth rate for the next year is below the industry average. This may indicate slower growth compared to its peers in the electric services industry.
The company's size, valued at $124 billion, may limit its agility and ability to adapt to changing market conditions compared to smaller competitors.
While Constellation Energy Co. has a diverse portfolio, its operations in the nuclear energy sector may not be as popular as solar or wind energy. This could impact its growth potential in the long term.
Investors should consider the industry's average P/E ratio and evaluate whether the 11% discount to the industry's average P/E for Constellation Energy Co. is justified based on the company's growth prospects.

CEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Constellation Energy stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Constellation Energy in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CEG, but not buy additional shares or sell existing shares.
View CEG analyst ratings or view top-rated stocks.
What is Constellation Energy's stock price target for 2024?: 9 Wall Street analysts have issued 1 year price objectives for Constellation Energy's shares. Their CEG share price targets range from $81.00 to $129.00. On average, they anticipate the company's share price to reach $102.00 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
View analysts price targets for CEG or view top-rated stocks among Wall Street analysts.
How have CEG shares performed in 2023?: Constellation Energy's stock was trading at $86.21 on January 1st, 2023. Since then, CEG shares have increased by 29.1% and is now trading at $111.28.
View the best growth stocks for 2023 here.
When is Constellation Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our CEG earnings forecast.
How were Constellation Energy's earnings last quarter?: Constellation Energy Co. (NASDAQ:CEG) posted its quarterly earnings data on Monday, November, 6th. The utilities provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.78. The utilities provider earned $6.11 billion during the quarter, compared to analyst estimates of $7.01 billion. Constellation Energy had a net margin of 6.40% and a trailing twelve-month return on equity of 14.71%. Constellation Energy's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.57) earnings per share.
How often does Constellation Energy pay dividends? What is the dividend yield for Constellation Energy?: Constellation Energy declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.282 per share on Friday, December 8th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for CEG.

Is Constellation Energy a good dividend stock?: Constellation Energy (NASDAQ:CEG) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.94%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CEG will have a dividend payout ratio of 16.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CEG.
What ETFs hold Constellation Energy's stock?: ETFs with the largest weight of Constellation Energy (NASDAQ:CEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Invesco S&P Spin-Off ETF (CSD), Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU) and iShares U.S. Utilities ETF (IDU).
Who are Constellation Energy's major shareholders?: Constellation Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (6.14%), Bank of New York Mellon Corp (1.88%), Morgan Stanley (1.34%), Northern Trust Corp (1.06%), Invesco Ltd. (0.70%) and Legal & General Group Plc (0.60%).
How do I buy shares of Constellation Energy?: Shares of CEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CEG) was last updated on 12/8/2023 by MarketBeat.com Staff

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Constellation Energy Stock Price, News & Analysis (NASDAQ:CEG)

Constellation Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Constellation Energy Stock (NASDAQ:CEG)

CEG Stock Price History

CEG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

Should I Buy Constellation Energy Stock? CEG Pros and Cons Explained

Pros

Cons

CEG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™