Constellation Energy Corporation (CEG)

NASDAQ: CEG · IEX Real-Time Price · USD
131.80
+0.64 (0.49%)
Feb 20, 2024, 4:00 PM EST - Market closed
0.49%
Market Cap 42.04B
Revenue (ttm) 26.46B
Net Income (ttm) 1.69B
Shares Out 319.00M
EPS (ttm) 5.21
PE Ratio 25.30
Forward PE 20.61
Dividend $1.13 (0.86%)
Ex-Dividend Date Nov 16, 2023
Volume 2,121,194
Open 131.00
Previous Close 131.16
Day's Range 129.39 - 132.06
52-Week Range 71.16 - 133.97
Beta 0.55
Analysts Buy
Price Target 107.78 (-18.22%)
Earnings Date Feb 27, 2024

About 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 co... [Read more]

Sector Utilities
Founded 1999
Employees 13,370
Stock Exchange NASDAQ
Ticker Symbol CEG
Full Company Profile

Financial Performance

In 2022, CEG's revenue was $24.44 billion, an increase of 24.38% compared to the previous year's $19.65 billion. Losses were -$160.00 million, -21.95% less than in 2021.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for CEG stock is "Buy." The 12-month stock price forecast is $107.78, which is a decrease of -18.22% from the latest price.

Price Target
$107.78
(-18.22% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Constellation Seeks License Renewal of Clinton Clean Energy Center for Additional 20 Years

BALTIMORE--(BUSINESS WIRE)--Constellation filed a license renewal application with the Nuclear Regulatory Commission for its Clinton Clean Energy Center in Clinton, Ill.

5 days ago - Business Wire

National Grid, Constellation Energy agree on LNG supply deal for Mass. facility

Britain's National Grid on Friday said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Other symbols: NGG
11 days ago - Reuters

XGS Energy Secures $9.7M in New Financing Led by Constellation Technology Ventures

PALO ALTO, Calif.--(BUSINESS WIRE)-- #cleantech--New financing led by Constellation Technology Ventures will advance XGS Energy's prototype and first commercial geothermal energy projects.

4 weeks ago - Business Wire

Keep Your Eye On These 5 Dividend-Growth Masters

As inflation calms down, these dividend stocks are going to fire up. I'm talking about five stocks with payouts popping between 33% and 100% per year.

Other symbols: MCHPODFLPSAUNH
5 weeks ago - Forbes

Top 2 Utilities Stocks That Could Blast Off In December - Eco Wave Power Global (NASDAQ:WAVE), Constellation Energy (NASDAQ:CEG)

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: WAVE
2 months ago - Benzinga

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

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., kicked off its participation in the COP28 climate summit by joining a...

2 months ago - Business Wire

Center for Energy Workforce Development Recognizes Constellation with Community Partnership Award

BALTIMORE--(BUSINESS WIRE)--Constellation received the Community Partnership Award from The Center for Energy Workforce Development (CEWD).

3 months ago - Business Wire

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

BALTIMORE--(BUSINESS WIRE)--Annual air emissions report confirms Constellation is the nation's largest producer of clean, carbon-free energy.

3 months ago - Business Wire

Constellation Awards $500,000 to Clean Energy, Community-based Student Projects Through Energy to Educate Program

BALTIMORE--(BUSINESS WIRE)--Constellation awarded more than $500,000 in Energy to Educate grants for hands-on student projects.

3 months ago - Business Wire

Three value stock picks from a veteran manager with a good performance record

For many years through 2022, it was becoming more difficult for active fund managers to make the case for their services, when broad index funds, with lower fees, were performing so well. But the tech...

Other symbols: JPMMDT
3 months ago - Market Watch

Constellation Energy raises annual profit target, extreme weather boosts demand

Constellation Energy on Monday posted a quarterly profit and raised its annual core profit forecast, as the utility benefits from lower operating expenses and higher electricity demand due to extreme ...

3 months ago - Reuters

Constellation Reports Third Quarter 2023 Results

BALTIMORE--(BUSINESS WIRE)--Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2023. “Our continued strong performance this quarter is the res...

3 months ago - Business Wire

Constellation Energy Corporation Declares Dividend

BALTIMORE--(BUSINESS WIRE)--The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.282 per share on Constellation's common stock. The dividend is ...

3 months ago - Business Wire

Looking Into Renewable Energy Trends? Your Best Bets

By now, the trend surrounding energy stocks should be clear as daylight non-renewable sources are at an increasing risk of needing a suitable replacement. However many years this transition will take,...

Other symbols: GENEE
4 months ago - MarketBeat

Constellation to Play Key Role in $1 Billion Clean Hydrogen Hub Awarded by U.S. Department of Energy

BALTIMORE--(BUSINESS WIRE)--Constellation poised to build world's largest nuclear-powered clean hydrogen facility at its LaSalle Clean Energy Center in Illinois.

4 months ago - Business Wire

Oil and Gas Stocks Topped S&P 500 Returns This Quarter as Crude Prices Surged

Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.

Other symbols: APAHALMPCPSXSLBVLO
5 months ago - Investopedia

As we decarbonize it's important to have energy that's there when we need it: Joe Dominguez

Constellation Energy CEO Joe Dominguez joins 'Mad Money' host Jim Cramer to talk clean energy, nuclear power, next-gen data centers and more.

5 months ago - CNBC Television

Constellation Energy CEO emphasizes the reliability of nuclear power

The CEO of nuclear-powered utility Constellation Energy, Joe Dominguez, emphasized the reliability of nuclear power.

5 months ago - CNBC

Constellation's Carbon-free Nuclear Fleet Ran at Near 100% Capacity During Hottest Summer on Record

BALTIMORE--(BUSINESS WIRE)--During the hottest summer in Earth's recorded history, Constellation's carbon-free nuclear units ran nearly 100% of the time.

5 months ago - Business Wire

Got Nuclear? Three Stocks To Play Energy's Next Frontier

By now, it should be no secret that the global energy industry is beginning to break into the next frontier, which undoubtedly needs to be in a different direction than solely fossil fuels.

Other symbols: DNEE
5 months ago - MarketBeat

Constellation at Climate Week: Nuclear Energy Is Essential to Accelerating the Transition to a Carbon-Free Economy

BALTIMORE--(BUSINESS WIRE)--Constellation will lay out a strategy for how nuclear energy combined with other clean tech can achieve U.S. climate goals during Climate Week NYC.

5 months ago - Business Wire

Constellation Inks Deal With Major U.S. Utility for 100 Percent Hourly Carbon-Free Energy Matching

BALTIMORE--(BUSINESS WIRE)--Constellation is powering all of ComEd's 54 offices and metered facilities with locally produced carbon-free nuclear energy, every hour of every day.

5 months ago - Business Wire

These 2 Clean Energy Stocks Are About To Attempt A Breakout

There is a certain feeling that is taking over the energy markets, that one resembling being seasick. Wild swings have been brought on the profit and loss statements of energy investors and widening c...

Other symbols: BEP
6 months ago - MarketBeat

Constellation to File Comments Offering Support for New EPA Guidelines to Reduce Carbon Emissions From Power Plants

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the nation's largest producer of carbon-free energy and the third largest energy producer overall, will file comments with the U.S. Environment...

7 months ago - Business Wire

Constellation Reports Second Quarter 2023 Results

BALTIMORE--(BUSINESS WIRE)--Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2023. “Constellation continues to deliver strong operational a...

7 months ago - Business Wire