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Monday, November 28, 2022

This Is Too Hot For Constellation Energy Corporation (NASDAQ: CEG), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Constellation Energy Corporation (CEG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.06, or -1.26%, to $82.79. Volume reached 64,194 shares, with price reaching a high of $82.921 and a low of $82.92. Most recently, Yahoo Finance reported about the stock as it publicized that PPG to power Adrian, Michigan, automotive adhesives, sealants manufacturing facility with clean energy by 2024; advances decarbonization efforts.


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Stocks Info

As a NASDAQ listed company, CEG falls under the Utilities sector while operating within the Utilities – Renewable industry segment. At the end of the last regular session, the stock closed at $82.92 and fluctuated between $84.94 as its day high and $81.65 as its day low. The current market capitalization of Constellation Energy Corporation is $27.60B. A total of 1.96 million shares were traded on the day, compared to an average of 2.50M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CEG has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 38,497 and the disposition of 14,715 shares. Over the last 12 months, there were 19 BUYs and 2 SELLs from insiders. Insiders purchased 66,520 shares during that period but sold 23,593.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Constellation Energy Corporation pays an annual dividend of $0.56, resulting in a dividend yield of 0.68%, and it has a price to earnings (P/E) ratio of 42.74. CEG’s most recent ex-dividend date was 08/12/2022 when it declared a $0.141 quarterly dividend that was paid in cash on 09/09/2022. Previously, the company paid the dividend on 06/10/2022 with an ex-dividend date of 05/12/2022. The dividend was $0.141 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CEG in the last 3 months, the mean price target is $89.67 with high estimates of $121.00 and low estimates of $54.00. In terms of 52-week highs and lows, CEG has a high of $90.18 and a low of $38.00.

As of this writing, CEG has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.66. The company reported an EPS of $-0.34 in the last quarter, which was -153.13% lower than expectations of $0.64.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CEG is Underweight with a score of 4.77. A total of 13 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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