Constellation Energy Corp Stock Research

Market Summary

USD87.54-1.34

Market Closed

-1.51%

CEG Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

CEG Stock Price

CEG RSI Chart

CEG Valuation

Market Cap

28.4B

Price/Earnings (Trailing)

-165.87

Price/Sales (Trailing)

1.07

EV/EBITDA

11.88

Price/Free Cashflow

-4.31

CEG Price/Sales (Trailing)

CEG Profitability

EBT Margin

-2.22%

Return on Equity

-1.45%

Return on Assets

-0.34%

Free Cashflow Yield

-23.19%

CEG Fundamentals

CEG Revenue

Revenue (TTM)

26.4B

Revenue Y/Y

35.31%

Revenue Q/Q

3.16%

CEG Earnings

Earnings (TTM)

-171.0M

Earnings Y/Y

340%

Earnings Q/Q

182.35%

Price Action

52 Week Range

52.2897.54

(Low)(High)

Last 7 days

4.4%

Last 30 days

14.4%

Last 90 days

10.8%

Trailing 12 Months

38.3%

CEG Financial Health

Current Ratio

1.19

CEG Investor Care

Dividend Yield

0.85%

Dividend/Share (TTM)

0.75

Diluted EPS (TTM)

-0.52

Financials for Constellation Energy

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	8.1%	26,414,000,000	24,440,000,000	22,639,000,000	20,994,000,000	19,682,000,000
EBITDA	0.5%	2,135,000,000	2,124,000,000	4,124,000,000	4,508,000,000	-
EBITDA Margin	-6.9%	0.09	0.09	0.20	0.23	-
Earnings Before Taxes	32.7%	-365,000,000	-542,000,000	-529,000,000	597,000,000	1,159,000,000
EBT Margin	5.1%	-0.02	-0.02	0.03	0.02	-
Interest Expenses	20.8%	302,000,000	250,000,000	254,000,000	252,000,000	268,000,000
Net Income	-6.9%	-171,000,000	-160,000,000	-299,000,000	496,000,000	622,000,000
Net Income Margin	50.4%	-0.01	-0.01	0.04	0.00	-
Free Cahsflow	-13.0%	-4,042,000,000	-3,576,000,000	1,902,666,667	3,718,000,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-1.6%	46,158	46,909	46,616	45,333	46,846
Current Assets	-13.4%	8,108	9,360	9,853	8,090	8,767
Cash Equivalents	-43.8%	237	422	1,192	806	1,605
Net PPE	1.3%	20,074	19,822	19,705	19,739	19,837
Liabilities	-1.3%	35,072	35,537	35,447	33,944	35,341
Current Liabilities	-24.1%	5,947	7,839	7,887	5,878	6,434
. Short Term Borrowings	-39.2%	705	1,159	693	200	1,080
LT Debt, Non Current	29.0%	5,763	4,466	4,480	4,507	4,548
Shareholder's Equity	0.6%	11,086	11,018	10,803	11,389	11,505
Retained Earnings	0.6%	-493	-496	-483	-249	-91.00
Accumulated Depreciation	0.8%	16,861	16,726	16,574	16,165	16,007
Shares Outstanding	-0.9%	324	327	327	327	327
Minority Interest	1.1%	358	354	366	389	400

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-97.1%	-4,638	-2,353	-2,243	282	1,625
Share Based Compensation	112.5%	113	53.00	43.00	-	-
Cashflow From Investing	-6.0%	2,919	3,104	2,514	1,877	1,847
Cashflow From Financing	144.9%	359	-799	-987	-1,834	-2,538
Dividend Payments	25.4%	232	185	139	93.00	46.00

Risks for CEG

What is the probability of a big loss on CEG?

17.1%

Probability that Constellation Energy stock will be more than 20% underwater in next one year

Probability that Constellation Energy stock will be more than 30% underwater in next one year.

Probability that Constellation Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CEG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Constellation Energy was unfortunately bought at previous high price.

Drawdowns

Returns for CEG

Cumulative Returns on CEG

Which funds bought or sold CEG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-06-01	MACQUARIE GROUP LTD	added	28.12	147,814	1,744,510	-%
2023-06-01	KENNEDY INVESTMENT GROUP	reduced	-1.37	-28,247	249,096	0.15%
2023-05-26	ProShare Advisors LLC	added	11.03	279,536	25,744,400	0.08%
2023-05-23	Toroso Investments, LLC	added	138	1,515,000	2,804,000	0.05%
2023-05-22	PUTNAM INVESTMENTS LLC	added	26.71	62,565,100	469,373,000	0.75%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-7.48	-1,981,180	10,600,800	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-28.56	-23,459,100	43,653,900	-%
2023-05-18	SkyView Investment Advisors, LLC	new	-	-	-	-%
2023-05-18	CENTAURUS FINANCIAL, INC.	added	35.79	25,000	129,000	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-1.93	-3,179,000	26,534,000	0.04%

Latest Funds Activity

Are funds buying CEG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CEG

No. of Funds

Constellation Energy News

Schedule 13G FIlings of Constellation Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	7.5%	24,465,202	SC 13G
Feb 09, 2023	vanguard group inc	11.75%	38,376,259	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 08, 2023	state street corp	5.63%	18,377,969	SC 13G
Feb 07, 2023	blackrock inc.	7.6%	24,968,484	SC 13G

CEG Fair Value

Show Fair-Value

Recent SEC filings of Constellation Energy

View All Filings

Date Filed	Form Type	Document
Jun 01, 2023	8-K	Current Report
May 31, 2023	8-K	Current Report
May 04, 2023	10-Q	Quarterly Report
May 04, 2023	8-K	Current Report
Apr 28, 2023	8-K	Current Report
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading

Latest Insider Trading transactions for CEG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-31	Holzrichter Julie	acquired	38,775	77.55	500	-
2023-03-31	Harrington Charles L.	acquired	38,775	77.55	500	-
2023-03-31	DE BALMANN YVES C	acquired	38,775	77.55	500	-
2023-03-31	BRLAS LAURIE	acquired	38,775	77.55	500	-
2023-03-31	LAWLESS ROBERT J	acquired	38,775	77.55	500	-
2023-03-31	Rimmer Nneka Louise	acquired	38,775	77.55	500	-
2023-03-31	Richardson John M	acquired	38,775	77.55	500	-
2023-03-31	Halverson Bradley M	acquired	38,775	77.55	500	-
2023-03-31	Ashish Khandpur K	acquired	38,775	77.55	500	-
2023-01-30	Dominguez Joseph	acquired	-	-	41,474	president & ceo

About Constellation Energy

Joseph Dominguez

www.constellationenergy.com/our-work/what-we-do/generation.html

11700

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.

CEG Income Statement

2023-03-31

Consolidated Statements of Operations and Comprehensive Income, Parent - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating revenues
Operating revenues	$ 7,565	$ 5,431
Operating revenues from affiliates	0	160
Total operating revenues	7,565	5,591
Operating expenses
Purchased power and fuel	5,729	3,545
Purchased power and fuel from affiliates	0	5
Operating and maintenance	1,432	1,161
Operating and maintenance from affiliates	0	44
Depreciation and amortization	267	280
Taxes other than income taxes	132	137
Total operating expenses	7,560	5,172
Gain on sales of assets and businesses	26	16
Operating income	31	435
Other income and (deductions)
Interest expense, net	(107)	(55)
Interest expense to affiliates	0	(1)
Other, net	314	(318)
Total other income and (deductions)	207	(374)
Income before income taxes	238	61
Income taxes	131	(53)
Equity in losses of unconsolidated affiliates	(5)	(3)
Net income	102	111
Net income attributable to noncontrolling interests	6	5
Net income attributable to common shareholders	96	106
Comprehensive income, net of income taxes
Net income	102	111
Pension and non-pension postretirement benefit plans:
Prior service benefit reclassified to periodic benefit cost	(1)	(1)
Actuarial loss reclassified to periodic cost	6	18
Pension and non-pension postretirement benefit plan valuation adjustment	(53)	0
Unrealized gain on foreign currency translation	0	4
Other comprehensive (loss) income, net of income taxes	(48)	21
Comprehensive income	54	132
Comprehensive income attributable to noncontrolling interests	6	5
Comprehensive income attributable to common shareholders	$ 48	$ 127
Average shares of common stock outstanding:
Basic (in shares)	328,000	327,000
Assumed exercise and/or distributions of stock-based awards (in shares)	0	1,000
Diluted (in shares)	328,000	328,000
Earnings per average common share
Basic (in dollars per share)	$ 0.29	$ 0.32
Diluted (in dollars per share)	$ 0.29	$ 0.32

CEG Balance Sheet

2023-03-31

Consolidated Balance Sheets, Parent - USD ($)
$ in Millions

Mar. 31, 2023

Dec. 31, 2022

Current assets

Cash and cash equivalents

$ 237

$ 422

Restricted cash and cash equivalents

106

Accounts receivable

Customer accounts receivable (net of allowance for credit losses of $47 and $46 as of March 31, 2023 and December 31, 2022, respectively)

2,147

2,585

Other accounts receivable (net of allowance for credit losses of $5 as of March 31, 2023 and December 31, 2022)

542

731

Mark-to-market derivative assets

1,952

2,368

Inventories, net

Natural gas, oil and emission allowances

259

429

Materials and supplies

1,085

1,076

Renewable energy credits

720

617

Other

1,067

1,026

Total current assets

8,108

9,360

Property, plant, and equipment (net of accumulated depreciation and amortization of $16,861 and $16,726 as of March 31, 2023 and December 31, 2022, respectively)

20,074

19,822

Deferred debits and other assets

Nuclear decommissioning trust funds

14,606

14,114

Investments

223

202

Mark-to-market derivative assets

1,125

1,261

Deferred income taxes

Other

1,977

2,106

Total deferred debits and other assets

17,976

17,727

Total assets

^[1]

46,158

46,909

Current liabilities

Short-term borrowings

705

1,159

Long-term debt due within one year

161

143

Accounts payable

1,558

2,828

Accrued expenses

743

906

Mark-to-market derivative liabilities

1,573

1,558

Renewable energy credit obligation

865

901

Other

342

344

Total current liabilities

5,947

7,839

Long-term debt

5,763

4,466

Deferred credits and other liabilities

Deferred income taxes and unamortized ITCs

2,982

3,031

Asset retirement obligations

12,831

12,699

Pension obligations

645

605

Non-pension postretirement benefit obligations

633

609

Spent nuclear fuel obligation

1,244

1,230

Payables related to Regulatory Agreement Units

3,069

2,897

Mark-to-market derivative liabilities

700

983

Other

1,258

1,178

Total deferred credits and other liabilities

23,362

23,232

Total liabilities

^[1]

35,072

35,537

Commitments and contingencies (Note 12)

Shareholders' equity

Common stock (No par value, 1,000 shares authorized, 324 shares and 327 shares outstanding as of March 31, 2023 and December 31, 2022, respectively)

13,029

13,274

Retained deficit

(493)

(496)

Accumulated other comprehensive loss, net

(1,808)

(1,760)

Total shareholders’ equity

10,728

11,018

Noncontrolling interests

358

354

Total equity

11,086

11,372

Total liabilities and equity

$ 46,158

$ 46,909

[1]

Our consolidated assets include $2,506 million and $2,641 million at March 31, 2023 and December 31, 2022, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $1,033 million and $1,041 million at March 31, 2023 and December 31, 2022, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 14 — Variable Interest Entities for additional information.