Constellation Energy (CEG)
Generates and sells nuclear, natural gas, geothermal and renewable power across competitive U.S. markets.
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Generates and sells electricity from nuclear, natural gas, geothermal, hydro, wind and solar assets, supported by storage and a nationwide retail platform. Revenue comes from wholesale power markets, retail energy supply and customer contracts; the fleet combines round-the-clock nuclear output with flexible gas generation.
Generates and markets electricity through a fleet spanning nuclear, natural gas, geothermal, hydro, wind, solar and battery storage. The nuclear fleet supplies round-the-clock emissions-free power, while the Calpine assets added flexible gas generation, geothermal facilities and a broader retail platform across major U.S. power markets.
Sells power, natural gas and related energy products to utilities, municipalities, businesses, public-sector organizations and households. Wholesale market sales, retail supply and longer-term customer contracts connect the generation portfolio to demand across the United States, with additional activity in Canada and the United Kingdom.
Pairs plant operations with a commercial platform that markets output, manages commodity exposure and structures customer contracts. Results depend on plant availability, nuclear and environmental regulation, fuel supply, wholesale and retail power prices, and the integration of Calpine's operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $366 | Target: $369 |
| Aug 19, 2026 | BNP Paribas | Target | Target: — | Target: $374 |
| Aug 11, 2026 | Argus Research | Reiterate | Rating: —Target: $375 | Target: $325 |
| Aug 7, 2026 | BMO Capital | Target | Target: $376 | Target: $379 |
| Aug 4, 2026 | BMO Capital | Reiterate | Rating: —Target: $375 | Target: $376 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.08B · Total debt $24.70B · Total assets $98.25B · Shareholders' equity $31.98B
- Revenue
- $7.51B
- Operating income
- $580.0M
- Net income
- $513.0M
HistoryDividendAnnual yield
| Institutions | 80.79% | 290.14M shares | |
|---|---|---|---|
| 1,971 holders · as of Jun 30, 2026 | |||
| Insiders | 0.20% | 713.1K shares | |
| 14 holders · as of Aug 13, 2026 | |||
| Strategic holders | 6.95% | 24.97M shares | |
| 1 holder · as of Feb 7, 2023 | |||
| Other | 12.06% | 43.28M shares | |
| remainder | |||
359.10M company shares as of Aug 26, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 6.95% | 24.97M | filed Feb 7, 2023 |
BlackRock, Inc.Institution | 6.84% | 24.56M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.86% | 21.04M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.41% | 19.41M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.41% | 15.83M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Roger W. Crandall | director | +1,500 | $278.62 |
- Vistra
Closest rival pairing nuclear baseload, gas flex and competitive retail
- Talen Energy
Merchant nuclear-plus-gas IPP contesting hyperscaler PPAs via Susquehanna
- NRG Energy
Largest competitive-retail base plus gas-heavy ERCOT/PJM generation
- Public Service Enterprise Group
PJM nuclear-baseload owner courting behind-the-meter data-center load
- NextEra Energy
Largest U.S. clean-power developer contesting carbon-free supply to data centers
- Dominion Energy
Owns the nuclear fleet anchoring Virginia's vast data-center market
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Constellation Energy | $263.72 | +0.61% | $94.12B | 25.5 | 21.2 | 3.0 | +23.0% |
| Vistra | $140.95 | +0.12% | $47.47B | 23.7 | 15.0 | 3.0 | −5.5% |
| Talen Energy | $296.27 | −1.23% | $13.62B | — | 11.0 | 3.9 | +18.6% |
| NRG Energy | $102.88 | −0.39% | $21.79B | 27.1 | 9.9 | 0.6 | +11.0% |
| Public Service Enterprise Group | $69.39 | +0.12% | $34.54B | 17.2 | 15.4 | 2.8 | −9.0% |
| NextEra Energy | $79.60 | −0.04% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Dominion Energy | $62.79 | −0.05% | $55.25B | 21.8 | 16.3 | 3.0 | +17.6% |
| Median | 21.8 | 15.2 | 3.0 | +11.7% |