What Are The Chances Of Constellation Energy Corporation (NASDAQ: CEG) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance.

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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. The current market capitalization of Constellation Energy Corporation is $60.50B. A total of 1.66 million shares were traded on the day, compared to an average of 2.33M shares.

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 $1.20, resulting in a dividend yield of 0.62%, and it has a price to earnings (P/E) ratio of 38.35. CEG’s most recent ex-dividend date was 3/7/2024 when it declared a $0.3525 quarterly dividend that was paid in cash on 3/19/2024. Previously, the company paid the dividend on 12/8/2023 with an ex-dividend date of 11/16/2023. The CEG stock dividend was $0.2820 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. In terms of 52-week highs and lows, CEG has a high of $198.83 and a low of $74.17.

As of this writing, CEG has an earnings estimate of $1.66 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $2.31 per share and a lower estimate of $0.88. The company reported an EPS of $2.26 in the last quarter, which was 59.20% higher than expectations of $1.42.

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. CEG’s latest balance sheet shows that the firm has $504.00M in Cash & Short Term Investments as of fiscal 2021. There were $8.20B in debt and $8.00B in liabilities at the time. Its Book Value Per Share was $34.46, while its Total Shareholder’s Equity was $11.61B.

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, 0 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 Buy with a score of 4.27.

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