Fintel reports that on December 12, 2024, B of A Securities upgraded their outlook for Constellation Energy (NasdaqGS:CEG) from Neutral to Buy.
Analyst Price Forecast Suggests 19.10% Upside
As of December 3, 2024, the average one-year price target for Constellation Energy is $281.80/share. The forecasts range from a low of $228.58 to a high of $359.10. The average price target represents an increase of 19.10% from its latest reported closing price of $236.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Constellation Energy is 17,786MM, a decrease of 25.84%. The projected annual non-GAAP EPS is 5.96.
What is the Fund Sentiment?
There are 2,346 funds or institutions reporting positions in Constellation Energy. This is an increase of 150 owner(s) or 6.83% in the last quarter. Average portfolio weight of all funds dedicated to CEG is 0.43%, an increase of 2.14%. Total shares owned by institutions increased in the last three months by 2.27% to 311,017K shares. 
The put/call ratio of CEG is 1.40, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 25,253K shares representing 8.07% ownership of the company. In its prior filing, the firm reported owning 22,332K shares , representing an increase of 11.57%. The firm increased its portfolio allocation in CEG by 36.84% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,983K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 9,950K shares , representing an increase of 0.33%. The firm increased its portfolio allocation in CEG by 22.35% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,190K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 8,091K shares , representing an increase of 1.21%. The firm increased its portfolio allocation in CEG by 20.94% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 7,935K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 8,357K shares , representing a decrease of 5.32%. The firm decreased its portfolio allocation in CEG by 9.48% over the last quarter.
Capital World Investors holds 7,832K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 7,955K shares , representing a decrease of 1.57%. The firm increased its portfolio allocation in CEG by 21.51% over the last quarter.
Constellation Energy Background Information
(This description is provided by the company.)
Constellation Energy Corp. engages in the generation, supply, and marketing of clean energy electricity, and renewable energy products and solutions.
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