With 2.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.39 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $241.4 whereas the lowest price it dropped to was $232.14. The 52-week range on CEG shows that it touched its highest point at $288.75 and its lowest point at $109.44 during that stretch. It currently has a 1-year price target of $274.00. With its current market cap of 73.63 billion, CEG has annualized dividend of $1.41 while the current yield stands at 0.60%. Beta for the stock currently stands at 0.71.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEG was up-trending over the past week, with a rise of 4.19%, but this was down by -11.50% over a month. Three-month performance surged to 20.76% while six-month performance rose 6.96%. The stock gained 92.53% in the past year, while it has gained 101.40% so far this year. A look at the trailing 12-month EPS for CEG yields 9.06 with Next year EPS estimates of 8.96. For the next quarter, that number is 1.93. This implies an EPS growth rate of 47.05% for this year and 9.59% for next year. EPS is expected to grow by 12.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.63%.
Float and Shares Shorts:
At present, 317.00 million CEG shares are outstanding with a float of 312.20 million shares on hand for trading. On 2024-10-31, short shares totaled 4.7 million, which was 150.0 higher than short shares on 1727654400. In addition to Mr. Joseph Dominguez as the firm’s President, CEO & Director, Mr. Daniel L. Eggers C.F.A. serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.85054 of CEG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CEG reported revenue of $6550000000.0 and operating income of $1880000000.0. The EBITDA in the recently reported quarter was $2383000000.0 and diluted EPS was $3.82.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEG since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEG analysts setting a high price target of 342.0 and a low target of 205.12, the average target price over the next 12 months is 277.7575. Based on these targets, CEG could surge 45.27% to reach the target high and fall by -12.87% to reach the target low. Reaching the average price target will result in a growth of 17.98% from current levels.
Analysts have provided yearly estimates in a range of $8.33661 being high and $7.79488 being low. For CEG, this leads to a yearly average estimate of $8.1761. The surprise factor in the prior quarter was $1.79. Based on analyst estimates, the high estimate for the next quarter is $2.43 and the low estimate is $1.85. The average estimate for the next quarter is thus $2.11.
