Constellation Energy Corporation (CEG)
| Market Cap | 37.29B |
| Revenue (ttm) | 26.46B |
| Net Income (ttm) | 1.69B |
| Shares Out | 319.00M |
| EPS (ttm) | 5.21 |
| PE Ratio | 22.44 |
| Forward PE | 17.03 |
| Dividend | $1.13 (0.97%) |
| Ex-Dividend Date | Nov 16, 2023 |
| Volume | 849,870 |
| Open | 116.73 |
| Previous Close | 117.11 |
| Day's Range | 115.93 - 117.27 |
| 52-Week Range | 71.16 - 127.24 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 102.40 (-12.4%) |
| Earnings Date | Feb 15, 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]
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 StatementsAnalyst Forecast
According to 12 analysts, the average rating for CEG stock is "Buy." The 12-month stock price forecast is $102.4, which is a decrease of -12.40% from the latest price.
News
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.
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...
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).
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.
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.
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...
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 ...
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...
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 ...
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,...
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.
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.
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.
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.
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.
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.
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.
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.
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...
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...
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...
Constellation Accepting Applications for 2023 Energy to Educate Grant Program
BALTIMORE--(BUSINESS WIRE)--Constellation is now accepting applications for its Energy to Educate program, providing funding for student projects focusing on energy innovation.
Constellation Energy Review: A Gas and Electric Provider Worth Considering
Constellation Energy offers a variety of fixed-rate plans, from the budget-conscious to the eco-conscious, in natural gas, electricity and home energy services.
Constellation's 2023 Sustainability Report Highlights Progress on Clean Energy Transition and Community Impact
BALTIMORE--(BUSINESS WIRE)--Constellation's 2023 Sustainability Report details milestones in the company's mission to lead the fight against the climate crisis.
Constellation Signs Hourly Carbon-Free Energy Matching Agreement with Microsoft to Support a Clean-Powered Data Center
BALTIMORE--(BUSINESS WIRE)--Constellation announced an agreement with Microsoft to significantly reduce the carbon footprint of one of Microsoft's data centers in Virginia.