CONSTELLATION ENERGY CORPORATION
In the published model solve dated 2026-Q2, anchored at $277.07, CONSTELLATION ENERGY CORPORATION (CEG) is priced for +24.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Constellation bought Calpine on January 7, 2026 for roughly 21.8 billion dollars, paid with ⟦"50 million newly issued shares of our common stock, no par value, and approximately $4.5 billion in cash on hand"⟧, which makes every trailing figure here a blend of two companies rather than a record of one. • Today's price asks for operating profit to compound at about 24.6% a year for five years, and among companies that have grown that fast, only about 36% held the pace even five years. • Second-q
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1,851 institutional managers reported holding CEG in 13F filings for the quarter ended 2026-03-31. Together they hold about 78% of the company; the top 10 hold 44%. 149 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 11.4M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CEG's share count grew 8.3% over the past five years even with $2.39B spent on repurchases. It pays a dividend, and has paid one every year in our records (4 and counting), raised 3 years straight; the current rate is $0.39 a share annually. Cash returned over the past three years: $1.27B in dividends and $1.89B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CEG over the trailing three years. Absence is a fact about the company, not a signal. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CEG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +8.8% | +6.0% |
| 2023-11-07 | +2.4% | -2.8% |
| 2024-02-28 | +28.5% | +8.0% |
| 2024-05-10 | +3.3% | +1.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CEG's latest 8-K filings: 2026-08-06 (items 2.02, 7.01, 9.01); 2026-08-05 (items 5.02, 9.01); 2026-07-14 (items 8.01); 2026-06-02 (items 8.01, 9.01); 2026-05-11 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.