$32.28 0.38 (+1.19%)
2/9/2010 4:03 PM

Constellation Energy Group, Inc. (CEG)

CAPS Rating: 5 out of 5

An energy company that conducts its business through various subsidiaries including a merchant energy business and Baltimore Gas and Electric Company.

Current Price $32.28 Mkt Cap $6.49B
Open $32.17 P/E Ratio 12.51
Prev. Close $31.90 Div. (Yield) 0.96 (2.80%)
Daily Range $32.14 - $32.75 Volume 985,936
52-Wk Range $15.05 - $36.55 Avg. Daily Vol. 0

CEG News and Commentary

Caps

How do you think CEG will perform vs the S&P 500?

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All Members

827 Outperform
30 Underperform
 

All-Star Members

321 Outperform
6 Underperform
 

Wall Street

8 Outperform
1 Underperform
 

Top CEG Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

cdulan (92.98)
Submitted January 26, 2010

Constellation Energy - a company with $21B in sales for 2008 and a $7B market cap. Credit crisis survivor. This company was caught in a debt trap with the bankruptcy of Lehman at height of the credit crisis. CEG made it through as an independent… More

jrb2800 (38.47)
Submitted June 03, 2008

Normally in a recessionary environment utility stocks are seen as a safe harbor and can be counted on to proved stable dividends and limited downside risk. However that has been far from the case this time around. Constellation is trading right at… More

CEG VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about CEG.

Recs

1
Member Avatar cdulan (92.98) Submitted: 1/26/2010 5:20:39 PM : Outperform Start Price: $31.12 CEG Score: +2.44

Constellation Energy - a company with $21B in sales for 2008 and a $7B market cap. Credit crisis survivor. This company was caught in a debt trap with the bankruptcy of Lehman at height of the credit crisis. CEG made it through as an independent company, but have they solved the credit problems?

With the completion of the $4.5B sale of 50% of their nuclear energy business to EDF, the company is now on solid footing. This raised $2B in cash to the balance sheet. The company also moved ahead with debt reduction starting with a $1B payoff of debt due in 2012.

But is the company still exposed to another cash shortfall? There are two areas of concern 1) derivatives and 2) debt.

Derivative exposure is still at $1B. Worst case scenario, they use their new cash balance to handle any problems. (CEG 3Q 2009 10-Q)

What about their debt schedule (including BGE)?
(go to http://lockstep-investing.blogspot.com/2010/01/ceg-credit-crisis-survivor-on-rebound.html to view)

Not bad.

Although current earnings are neglible due to deleveraging, this is a temporary circumstance. The core merchant energy business and regulated utility business are sound. Overall, earnings should return to $200m per quarter over the next year due to the rebound in energy prices and the economy. This is modest compared to the previous track record which recorded close to $700m+ in earnings per year throughout the last decade.

Bottom Line: CEG looks like it has eliminated it's debt problem has tremondous earnings upside to drive value for investors.

Recs

0
Member Avatar chicachick (< 20) Submitted: 1/14/2010 3:59:09 AM : Outperform Start Price: $34.61 CEG Score: -0.38

investor

Recs

0
Member Avatar jhalovatch (25.74) Submitted: 12/19/2009 6:32:31 AM : Outperform Start Price: $35.20 CEG Score: -5.10

good energy stock

Leaderboard

Find the members with the highest scoring picks in CEG.

Score Leader

TrackJefferies

TrackJefferies (82.08) Score: +135.62

The Score Leader is the member with the highest score across all their picks in CEG.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
sturdybeach < 20 9/19/2008 Outperform 1Y $21.36 +51.12% -12.51% +63.62
phead27 92.79 3/11/2009 Outperform 3Y $15.76 +104.78% +49.47% +55.31
Melrune2 98.29 3/11/2009 Outperform NS $15.76 +104.78% +49.47% +55.31
TheHarm 45.54 9/29/2008 Outperform 5Y $21.20 +52.26% -2.68% +54.94
ELPisthebest 98.14 3/9/2009 10/7/2009 Outperform 1Y $15.02 +114.90% +60.53% +54.37 1 Comment
HSPV 53.98 3/10/2009 Outperform 5Y $15.34 +110.39% +56.97% +53.42
boylevalue 87.71 3/10/2009 Outperform 3Y $15.34 +110.39% +56.97% +53.42
BTerry777 88.49 3/6/2009 Outperform 3Y $15.12 +113.51% +61.70% +51.82
atjsparty 28.73 3/13/2009 Outperform 5Y $16.59 +94.54% +43.66% +50.87
fdude71 90.91 3/17/2009 Outperform 5Y $16.93 +90.72% +41.68% +49.05

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackBRogers 97.70 4/22/2009 Outperform 1Y $21.66 +49.02% +28.48% +20.54 1 Comment
TrackBuffett 80.73 2/24/2009 Outperform 1Y $19.61 +66.38% +42.45% +23.93 9/23/2009 @ $32.62 2 Comments
TrackDavidTepper 87.05 12/1/2008 Outperform 1Y $24.08 -14.98% -11.34% -3.64 2/26/2009 @ $20.47 1 Comment
TrackJimCramer < 20 10/31/2008 Underperform 3W $22.89 +41.00% +13.60% -27.40
TrackJefferies 82.08 10/29/2008 Outperform NS $22.44 +55.84% +21.00% +34.84 1/4/2010 @ $34.97
TrackCitigroup 85.92 9/2/2008 Outperform NS $66.65 -61.01% -9.11% -51.90 9/18/2008 @ $25.99
TrackJefferies 82.08 8/29/2008 Underperform NS $66.03 -61.38% -3.82% +57.57 9/19/2008 @ $25.50
TrackJefferies 82.08 7/21/2008 Underperform NS $80.28 -9.59% +2.91% +12.50 8/12/2008 @ $72.58
TrackSoros 82.58 3/31/2008 Outperform NS $82.42 -60.84% -15.75% -45.09 1 Comment
TrackEveillard 93.31 3/31/2008 Outperform NS $82.40 -60.83% -14.84% -45.99 1 Comment
TrackHSBC 86.09 5/31/2007 Outperform NS $84.24 -61.68% -26.23% -35.45
TrackCreditSuiss 93.62 3/22/2007 Outperform NS $79.05 -59.17% -21.00% -38.17
TrackDeutscheSec 89.68 1/8/2007 Outperform NS $63.69 -49.32% -19.17% -30.14
TrackBofASec 94.61 12/29/2006 Outperform NS $65.83 -61.26% -12.27% -48.99 9/19/2008 @ $25.50
TrackLehmanBros 85.06 12/26/2006 Outperform NS $62.91 -48.69% -19.18% -29.51
TrackJefferies 82.08 11/29/2006 Outperform NS $66.89 +40.08% +9.36% +30.71 11/1/2007 @ $93.70
TrackUBS 87.99 10/31/2006 Outperform NS $56.86 -43.23% -17.59% -25.63
TrackJimCramer < 20 3/17/2006 Outperform 3W $53.80 -55.00% -26.01% -28.99 10/31/2008 @ $24.21

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