Loading... Loading... While the broader market had its ups and downs in the first half of 2024, two utility stocks have defied expectations, delivering stellar returns and significantly outpacing their peers. The Utility sector, tracked by the SPDR Select Sector Fund – Utilities XLU, is up over 8% year-to-date, but Vistra Corp. VST and Constellation Energy Corp. CEG have soared to new heights, making them the standout performers in the sector. Vistra: A Shocking Surge Vistra has been the lightning bolt in t ...

The industry's position in the top 50% of the Zacks-ranked industries is due to a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have gained confidence in this group's earnings growth potential over the past few months. The industry's earnings estimate for the current fiscal year has moved up 4.1% to $1.78 per share since Apr 30. NextrEra Energy Partners: Based in Juno Beach, FL, it is a growth-oriented lim ...

From a valuation perspective, Constellation Energy Corporation is currently exchanging hands at a Forward P/E ratio of 28.65. This denotes a premium relative to the industry's average Forward P/E of 25.55. Investors should also note that CEG has a PEG ratio of 1.96 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other industry had an average PEG ...

My colleague Ben Rains, who runs the Zacks Alternative Energy Innovators portfolio, bought CEG in late January and his members are enjoying the bulk of those gains as nuclear power regains its stature and attracts capital for long-term energy development projects. Constellation Energy is a nuclear energy titan that produces roughly 10% of all clean and renewable energy in the U.S. Constellation benefits from the energy-focused aspects of the Inflation Reduction Act, helping provide a price floor for nuclear ...

The the stock of company has risen by 0.84% in the past month, leading the Oils-Energy sector's loss of 7.24% and undershooting the S&P 500's gain of 3.71%. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.08% higher. Constellation Energy Corporation ...

Constellation Energy Corporation's (CEG) strategic investments, focus on renewable energy, ability to boost shareholders' and rising estimates for earnings make it a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #1 (Strong Buy) company a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for 2024 and 2025 earnings per share has moved up 2.8% and 6.4%, respectively, in the past 60 days. CEG's long-term ...

Inflation in the United States cooled down in May for the second consecutive month. The Consumer Price Index rose 3.3% year over year in May, down from an annual growth of 3.4% in April. On a monthly basis, prices held flat for the first time since July 2022. Easing inflation indicates that the economy is stabilizing, and interest rates may be declining. Let's take a closer look at the fundamentals of SPY. SPDR S&P 500 ETF Trust has an AUM of $541 billion and charges 9 bps in fees per year. It trades in an ...

Shares of the company witnessed a gain of 0.49% over the previous month, beating the performance of the OilsEnergy sector with its loss of 3.25% and underperforming the S&P 500's gain of 2.85%. Investors might also notice recent changes to analyst estimates for Constellation Energy Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Valuation is also ...

Constellation Energy Corporation (CEG) shares rallied 8.4% in the last trading session to close at $214.63. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.9% loss over the past four weeks. Constellation Energy is the largest owner of nuclear plants in the US and produces clean electricity for its customers. It expects to invest nearly $5.1 billion during 2024-2025 period to strengthen its infrastructure an ...

Constellation Energy Corporation is one of 248 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Within the past quarter, the Zacks Consensus Estimate for CEG's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook i ...