Constellation Energy Corporation (CEG)
Utilities · Independent Power Producers · Data as of 2026-10-22
Bottom line
CEG is trading near its usual valuation, in the middle of its recent price range, and recent volume suggests money flowing out. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Trading near its usual range (Yellow)
CEG trades at 25× earnings, roughly in line with its own 5-year average of 23× and above similar utilities companies we track (21×, 31 peers). That is roughly what the market has typically paid for this stock. Its free-cash-flow yield is about 0.3%. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 32nd percentile of its own last five years — toward the low end of its own range.
Price zones — In the middle of its recent range (Yellow)
At $255.21, the stock sits between its recent support and resistance levels. Over the past year CEG has traded between $228.63 and $406.04; its historical support zone sits near $228.63 and resistance near $274.70. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $228.63–$406.04 · 50-day average $274.70 · 200-day average $282.31
Money flow — Money is flowing out (Red)
Recent trading in CEG shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.7× volume on down days over the last 30 sessions.
Dividends & company facts
CEG paid $1.67 a share in dividends over the past year — 0.65% of today's price — and raised it 4 times in the last five years. It also bought back shares: $400 million in fiscal 2025, about 0.44% of its market value.
- Dividend yield (12 months)
- 0.65%
- Paid over 12 months
- $1.67 a share
- Payout ratio
- 15.9%
- Buybacks
- 0.44% (fiscal 2025)
- Shares, past year
- +12.7%
- Revenue, 12 months
- $31.3B
- Profit, 12 months
- $3.5B
- Employees
- 15,315
- CEO
- Joseph Dominguez
- Headquarters
- Baltimore, MD
- Listed since
- 2022 · NASDAQ
About the company
Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services.
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一句话结论
CEG 估值接近其惯常水平，处于近期价格区间的中部，近期成交量显示资金正在流出。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 处于其惯常的估值区间
CEG 目前的市盈率为 25×，大致持平于其自身 5 年平均的 23×，并且高于我们追踪的同类Utilities公司（21×，31 家）。这大致就是市场以往为这只股票所付出的水平。其自由现金流收益率约为 0.3%。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 32 百分位——处于自身区间的偏低位置。
价格区间 — 处于近期区间的中部
目前价格为 $255.21，位于其近期的支撑位与阻力位之间。过去一年 CEG 的价格在 $228.63 到 $406.04 之间波动；其历史支撑区在 $228.63 附近，阻力区在 $274.70 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
CEG 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.7×。
股息与公司概况
CEG 过去一年每股派息 1.67 美元，相当于当前股价的 0.65%，过去五年上调过 4 次。它也回购了股票：2025 财年回购 4.0亿美元，约占市值的 0.44%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.