A significant driver of top-line growth: Constellation Energy Corporation (CEG)

With 7.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.8 million shares. The 52-week range on CEG shows that it touched its highest point at $156.67 and its lowest point at $71.16 during that stretch. It currently has a 1-year price target of $149.80. With its current market cap of 54.49 billion, CEG has annualized dividend of $0.85 while the current yield stands at 0.50%. Beta for the stock currently stands at 0.66.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEG was up-trending over the past week, with a rise of 30.01%, but this was up by 41.17% over a month. Three-month performance surged to 36.55% while six-month performance rose 62.12%. The stock gained 117.98% in the past year, while it has gained 46.15% so far this year. A look at the trailing 12-month EPS for CEG yields 5.01 with Next year EPS estimates of 7.63. For the next quarter, that number is 1.42. This implies an EPS growth rate of 27.60% for this year and 7.57% for next year. EPS is expected to grow by 26.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.63%.

Float and Shares Shorts:

At present, 319.00 million CEG shares are outstanding with a float of 318.58 million shares on hand for trading. On Feb 15, 2024, short shares totaled 5.17 million, which was 1.62% higher than short shares on Jan 12, 2024. In addition to CEG as the firm’s Constellation Energy Corporatio, CMG serves as its Chipotle Mexican Grill, Inc.

Institutional Ownership:

Through their ownership of 86.46% of CEG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEG analysts setting a high price target of $190.00 and a low target of $116.00, the average target price over the next 12 months is $143.20. Based on these targets, CEG could surge 11.22% to reach the target high and fall by -32.1% to reach the target low. Reaching the average price target will result in a decline of -16.17% from current levels.

Dividends & Yield:

In terms of dividends, CEG has a current ratio of $1.41, which is $1.41 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CEG currently yields $0.72. In the past year, CEG’s dividend yield has been $0.72, but when looking at the stock over the past five years, its yield has been $–. Accordingly, CEG has a current buyback yield of $1.99. This was $1.99 for the TTM, and it was $– for the past five years.

Summary of Insider Activity:

Insiders traded CEG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 12,609 while 0 shares were sold.