Streetbeat News

CEG

Constellation Energy Corporation

Industry

Renewable Utilities

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, renewable energy, and other energy-related products and services. The company has 32,400 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. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.

Open

226.31

Mkt cap

72B

Volume

957K

High

233.12

P/E Ratio

25.58

52-wk high

288.75

Low

226.10

Div yield

0.01

52-wk low

109.44

US stocks closed higher on Friday, with major indices recording their best week in 2023 following the release of October's jobs data. The US economy added 150,000 jobs in October, less than the market estimate of 180,000. The Federal Reserve maintained interest rates for a second consecutive time. Apple reported stronger-than-expected Q4 earnings and sales, while Phillips 66 posted downbeat Q3 earnings. Investors are awaiting earnings results from DISH Network, Constellation Energy, NXP Semiconductors, and The Goodyear Tire & Rubber Company.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 7:14 am

Morgan Stanley analyst David Arcaro has maintained an Overweight rating on Constellation Energy (NASDAQ:CEG) but lowered the price target from $118 to $117.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:20 pm

Mizuho analyst Anthony Crowdell has reiterated a Neutral rating on Constellation Energy Corporation (NASDAQ:CEG), raising the price target to $116 from $106 due to strong fundamentals. The company is expected to return capital to shareholders, possibly through increased share repurchases or a special dividend. The company's stock is currently trading lower by 0.92% to $114.66.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 6:24 pm

Constellation Energy (NASDAQ:CEG) has received 4 somewhat bullish and 2 indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to 6 analysts, is $115.17, with a high of $125.00 and a low of $106.00. This average price target has increased by 6.64% over the past month.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:00 pm

Mizuho analyst Anthony Crowdell maintains a Neutral rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $106 to $116.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:54 pm

Constellation Energy (NASDAQ:CEG) is evaluated against its competitors in the Electric Utilities industry. The company's P/E ratio is 2.15x above the industry average, indicating a higher valuation. Its P/B ratio is 1.84x the industry average, suggesting it might be overvalued in terms of book value. However, its P/S ratio is 0.64x the industry average, indicating possible undervaluation based on sales performance. The company's ROE is 5.53% above the industry average, demonstrating profitability and growth potential. Its EBITDA is 1.38x above the industry average, implying strong profitability and robust cash flow. However, its gross profit and revenue growth are below the industry average.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 4:00 pm

The surge in Treasury yields has led to a 2% drop in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). The S&P 500, Dow Jones, and Russell 2000 indices all fell, while the Nasdaq 100 rose slightly. The SPDR S&P 500 ETF Trust (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), and Invesco QQQ Trust (NASDAQ:QQQ) all fell. The Technology Select Sector SPDR Fund (NYSE:XLK) and the Communication Services Select Sector SPDR Fund (NYSE:XLC) rose, while the Utilities Select Sector SPDR Fund (NYSE:XLU) and Energy Select Sector SPDR Fund (NYSE:XLE) fell. Stocks of Danaher Corp. (NYSE:DHR), Kellogg Co. (NYSE:K), WK Kellogg Co. (NYSE:KLG), and NextEra Energy Inc. (NYSE:NEE) fell, while Z Scaler Inc. (NASDAQ:ZS) rose.

Portfolio Pulse from Piero Cingari

October 02, 2023 | 6:21 pm

Utilities stocks are trading lower due to a rise in Treasury yields, which could drive a rotation out of dividend-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:18 pm

Constellation Energy (NASDAQ:CEG) has received 5 analyst ratings in the last quarter, with 4 being somewhat bullish and 1 indifferent. The company's average 12-month price target is $115.0, which has increased by 6.09% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

Morgan Stanley analyst David Arcaro maintains an Overweight rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $115 to $118.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:46 pm

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