Shares of Constellation Energy (NASDAQ:CEG) are up over 147% in one year. The company produces carbon-free energy and is the leading supplier of power and energy products and services. The strong demand for clean energy, its growing output, and its ability to drive pricing will likely drive its earnings and dividend in the future. As the company is poised to grow its EPS by 10% annually in the long term, it’s the right time to delve into its ownership structure.
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Now, according to TipRanks’ ownership page, other institutional investors own 47.35% of CEG. They are followed by mutual funds, public companies and individual investors, and insiders at 40.86%, 11.65%, and 0.13%, respectively.
Digging Deeper into CEG’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 10.69% stake in CEG stock. Next up is Vanguard Index Funds, which holds a 9.49% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on Constellation Energy stock based on the activity of seven hedge funds. Hedge funds decreased their CEG holdings by 931.9K shares in the last quarter.
On the contrary, individual investors have a Very Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding CEG stock increased by 19.7%. Overall, among the 722,977 portfolios monitored by TipRanks, 0.1% have invested in CEG stock.
Is CEG Stock a Good Buy?
With six Buy and two Hold recommendations, Constellation Energy stock has a strong Buy consensus rating. However, as it has gained significantly over the past year, analysts’ average price target on CEG stock of $173.38 implies a 6.23% downside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides CEG ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of CEG stock, go to TipRanks’ Stock Analysis page.
