--- title: Constellation Energy (CEG) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/ceg ticker: CEG as_of: 2026-10-17 sector: Utilities industry: Independent Power Producers --- # Constellation Energy (CEG) Constellation Energy (CEG) closed at $271.37 on Oct 16, 2026, overvalued by 53% vs its model value of $177.14 (from its peers' median P/E). ## Key figures | Figure | Value | | --- | ---: | | Last close | $271.37 (Oct 16, 2026) | | Model value (from its peers' median P/E) | $177.14 | | Price vs model | overvalued by 53% vs model | | Range of that model | $127.12 – $315.97 | | Market value | $96.1B | | P/E (fiscal 2025) | 36.7 | | Net margin (fiscal 2025) | 9.1% | | Free cash flow (fiscal 2025) | $1.3B | | Dividend yield (trailing twelve months) | 0.61% | | Beta | 1.13 | | Cost of capital (WACC) | 9.09% | | Business classification | Cyclical (Low/slowing growth (~4% recent), Moderate margins (10% net margin), Highly cyclical earnings) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Insider buying | #30 | $417,931 | https://sweetvaluelab.com/lists/insider-buying | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.61% | | Dividends per share, last 12 months | $1.67 | | Dividends / free cash flow (fiscal 2025) | 37.7% | | Raised | 3+ years in a row | | Growth over 3 years | 19.1% a year | | Latest payment | $0.4265, ex-date Aug 18, 2026, paid Sep 4, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 11, 2023 | $0.99 | | To Aug 12, 2024 | $1.34 | | To Aug 18, 2025 | $1.52 | | Trailing twelve months (to Aug 18, 2026) | $1.67 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $28.39 | $13.82 | $67.35 | | DCF · Perpetuity growth · 10y | cross check | $34.67 | $18.86 | $76.26 | | DCF · EBITDA exit · 5y | cross check | $121.68 | $64.25 | $189.67 | | DCF · EBITDA exit · 10y | cross check | $105.21 | $53.46 | $175.59 | | P/E · peers | cross check | $177.14 | $127.12 | $315.97 | | P/E · own history | cross check | $344.64 | $260.44 | $388.93 | | PEG | sanity check | $292.17 | $292.17 | $292.17 | | EV/EBITDA · peers | cross check | $212.54 | $187.66 | $341.51 | | EV/Revenue · peers | cross check | $290.23 | $70.35 | $323.45 | | Earnings power value | cross check | $14.96 | $10.42 | $21.28 | | Dividend discount | cross check | $37.53 | $26.69 | $53.12 | ## Insider activity (SEC Form 4) Past 90 days: 1 open-market buy ($417,930.9) and 0 open-market sales ($0); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 30, 2026 | Harrington Charles L. | Director | Grant / award | 188 | $47,755.8 | | Sep 30, 2026 | CRANDALL ROGER W | Director | Grant / award | 82 | $20,829.6 | | Aug 11, 2026 | CRANDALL ROGER W | Director | Open-market buy | 1,500 | $417,930.9 | | Aug 4, 2026 | CRANDALL ROGER W | Director | Grant / award | 462 | $123,469.5 | | Jun 30, 2026 | Harrington Charles L. | Director | Grant / award | 146 | $36,262 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ceg-20260630.htm | | Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1868275/000186827526000097/ceg-20260806.htm | | Aug 5, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1868275/000186827526000089/ceg-20260804.htm | | Jul 14, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1868275/000186827526000080/ceg-20260714.htm | | Jun 2, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1868275/000110465926069482/tm2616531d1_8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Torray | 2026-06-30 | 107,742 | $26.8M | | Dennis Hong | 2026-06-30 | 28,451 | $7.1M | | Bridgewater | 2026-06-30 | 23,123 | $5.7M | | Soros | 2026-06-30 | 3,259 | $809,438 | 4 tracked managers in all. ## About 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. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Ene… --- Source: https://sweetvaluelab.com/stocks/ceg (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.