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

Constellation Energy Group, Inc. (CEG)

CAPS Rating:
*****

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

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What the Community Thinks

Total Members

827 Outperforms
30 Underperforms
 

All-Stars

321 Outperforms
6 Underperforms
 

Wall Street

8 Outperforms
1 Underperforms
 

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Ticker Tags

S&P 500 (499), Mid Cap (610), Utilities (167), Distressed (1597), Independent Power Producers and Energy Traders (21), Defensive (1457), Hard Asset (1002), Dividend (191), Diversified Utilities (6)
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Constellation Energy Group, Inc. At A Glance

Current Price: $32.28
Last Trade Time: 2/9/2010 4:03 PM
Open: $32.17
Previous Close: $31.90
Daily Range: $32.14 - $32.75
52-Week Range: $15.05 - $36.55
Volume: 985,936
Market Cap: $6.49B
P/E Ratio: 12.51
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Stock Trends

CEG VS S&P 500 (SPY)

News & Discussion Boards

Top Bull Pitch

Recs

1

Constellation Energy Group, Inc. (CEG)

Avatar cdulan (92.98) Submitted: 1/26/10 5:20 PM

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?

Wi...More

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Top Bear Pitch

Recs

4

Constellation Energy Group, Inc. (CEG)

Avatar jrb2800 (38.47) Submitted: 6/03/08 12:46 PM

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 the top of a downward trend line which has been in...More

Replies: 1 | Reply | Permalink

CAPS Members

picks per page. CHANGE

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Recs

1

 (CEG)

Avatar cdulan (92.98) Submitted: 1/26/10 5:20 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.

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Recs

0

 (CEG)

Avatar chicachick (< 20) Submitted: 1/14/10 3:59 AM : Outperform Start Price: $34.61 CEG Score: -0.38

investor

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Recs

0

 (CEG)

Avatar jhalovatch (25.74) Submitted: 12/19/09 6:32 AM : Outperform Start Price: $35.20 CEG Score: -5.10

good energy stock

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Recs

1

 (CEG)

Avatar mrindependent (99.29) Submitted: 12/10/09 8:12 PM : Outperform Start Price: $33.36 CEG Score: 0.26

I noticed this from my stable dividends screen. Current dividend yield is 2.91% and this ought to grow or stay the same. This stock fits with Bill Gross' theory that utility stocks will outperform because the dividends are almost equal to interest rates on t bonds, but the dividend yields tend grow with inflation while the interest rates on treasuries are fixed. Current p/bv 1.64 vs historical 5yr avg of 2.2. Current p/sales 0.39 vs historical 5 yr avg of 0.6. Estimated 2010 eps is 3.23, which means forward p/e is slightly above 10. Zacks 2, Stockscouter 6, CAPS 5.

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Recs

0

 (CEG)

Avatar BicaChica (77.41) Submitted: 11/20/09 3:48 PM : Outperform Start Price: $31.11 CEG Score: 5.86

everydayinvestor

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Wall Street

Results 1 - 9 of 9  

picks per page. CHANGE Expand All Pitches

Top
Pick		Member NameMember RatingStart
Date		CallTime FrameStart
Price		Stock
Gain		S&P
Gain		ScorePitch
TrackBRogers 97.70 04/22/09 Outperform 1Y $21.66+49.02%+28.48%+20.54 Toggle the visibility of 60-Second Pitch and replies
TrackJimCramer < 20 10/31/08 Underperform 3W $22.89+41.00%+13.60%-27.40
TrackSoros 82.58 03/31/08 Outperform NS $82.42-60.84%-15.75%-45.09 Toggle the visibility of 60-Second Pitch and replies
TrackEveillard 93.31 03/31/08 Outperform NS $82.40-60.83%-14.84%-45.99 Toggle the visibility of 60-Second Pitch and replies
TrackHSBC 86.09 05/31/07 Outperform NS $84.24-61.68%-26.23%-35.45
TrackCreditSuiss 93.62 03/22/07 Outperform NS $79.05-59.17%-21.00%-38.17
TrackDeutscheSec 89.68 01/08/07 Outperform NS $63.69-49.32%-19.17%-30.14
TrackLehmanBros 85.06 12/26/06 Outperform NS $62.91-48.69%-19.18%-29.51
TrackUBS 87.99 10/31/06 Outperform NS $56.86-43.23%-17.59%-25.63

Results 1 - 9 of 9  

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