Reading the tape
NASDAQ: CEG
Constellation Energy Corporation
Utilities · Renewable Utilities
Market Cap
$96.13B
52w High
$412.70
52w Low
$241.46
P/E
41.55
Volume
2.10M
Outstanding Shares
312.29M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 27.92%Revenue (TTM): 8.34%FCF (TTM): 125.61%P/E: 92nd pct
What changed
The stock rose 27.92% over the last year. Revenue grew 8.34% over the trailing twelve months. Operating margin moved from 18.47% to 12.09%. Free cash flow grew 125.61% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (92nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 12.09% — continued expansion would be needed to justify the premium. Revenue growth of 8.34% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Constellation Energy Corporation generates and sells electricity in the United States.
CEOJoseph Dominguez
SectorUtilities
IndustryRenewable Utilities
Employees14,215
IPO dateJan 19, 2022
Valuation
Forward P/E—
EV/EBITDA23.13
Enterprise value$115.82B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth1.45%
Gross margin75.83%▲198.35%vs FY2024
Operating margin12.09%▼34.55%vs FY2024
ROE15.97%▼43.90%vs FY2024
Analyst consensus
RatingBuy
Target price$405.33▲31.68%
14
Buy
5
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 11, 2026
Q2 FY26 · EPS est $2.43 · Revenue est $8.47B
View
Dividends
$1.63/shareQuarterly3yr growth streakEx-div May 15, 2026 · in 12dSafeCEG pays a dividend with a 0.53% declared yield, 3 consecutive years of growth, growing at 24.49% annually, covered 2.7× by free cash flow.
Declared Yield
0.53%
Annual Div / Share
$1.63
TTM $1.59
3yr CAGR
+24.49%
Doubles every ~3.2yr
Payout Ratio
20.96%
Safe
Dividend Growth Rate
3yr CAGR
+24.49%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.63+10.2%
2025$1.48+16.7%
2024$1.27+50.0%
2023$0.85—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$5/yr
$0/mo
In 5 yrs
$9/yr+76%
$1/mo
In 10 yrs
$16/yr+211%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$5/yr $0/mo | $9/yr+76% $1/mo | $16/yr+211% $1/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.53% → 1.65% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.7× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in CEG
STOCK Act disclosures from senators and representatives.
Mark Warner
VAsenateDemocratPurchaseJoint2026-04-13$1,001 - $15,000+18d to disclose