Coatue Management 13F: Cuts CEG Stake by $317M

Coatue Management has reduced its position in Constellation Energy Corporation (NasdaqGS: CEG) by 21.6%. The fund sold 1,274,699 shares, leaving it with 4,632,475 shares valued at approximately $1.14 billion, according to its latest Form 13F filing with the SEC for the period ending March 31, 2026.

What Changed in Coatue Management's Constellation Energy Position

Coatue Management cut its holdings in Constellation Energy from 5,907,174 shares to 4,632,475 shares, a decrease of 1,274,699 shares or 21.6%. The remaining shares are valued at roughly $1.14 billion.

Other Institutional Activity in Constellation Energy

In related institutional activity, BlackRock, Inc. increased its holdings by 159,727 shares, bringing its total to 23,509,199 shares worth around $6.56 billion. ECP Controlco, LLC and Vanguard Capital Management LLC both maintained their positions at 22,043,724 shares valued at $6.16 billion and 20,138,742 shares worth $5.62 billion, respectively. State Street Corp also grew its holdings by 310,496 shares, ending with 18,796,388 shares valued at approximately $5.25 billion. Meanwhile, Capital International Investors reduced its position by 5,204,516 shares, leaving it with 11,608,787 shares worth $3.25 billion.

Constellation Energy Corporation Stock Down 11.2%

Shares of Constellation Energy (NasdaqGS: CEG) traded near $246.71. The company has a market cap of $90.6 billion and a P/E ratio of 22.03. It boasts a 52-week low of $240.51 and a high of $412.70. The stock's 50-day moving average is $285.62, and the 200-day moving average is $320.49. Constellation Energy's beta is 1.091, indicating moderate volatility.

Recent Earnings

Constellation Energy reported revenue of $29.87 billion, with a revenue growth rate of 63.8%. The company's net margin stands at 12.69%, and its return on equity is 16.10%. The next earnings report is scheduled for May 11, 2026.

Dividend

The company pays an annual dividend of $1.71, yielding 0.69%. Its dividend payout ratio is 13.81%, providing a relatively modest return to shareholders.

Insider Buying and Selling at Constellation Energy Corporation

Several insiders, including Robert Lawless, Yves De Balmann, Bradley Halverson, John Richardson, Eileen Paterson, and Julie Holzrichter, each purchased 556 shares at an average price of $305.71 on April 28, 2026.

Analysts Set New Price Targets

On May 12, 2026, Mizuho maintained a hold rating with a $310 price target. TD Cowen upheld its buy rating with a $381 target on May 4, 2026. Scotiabank, Barclays, and Morgan Stanley also maintained buy ratings with targets of $441, $358, and $360, respectively. The consensus among 19 analysts remains strong buy, with a mean target price of $368.43.

About Constellation Energy

Constellation Energy Corporation is a major player in the U.S. energy sector, producing and selling electricity and natural gas. Headquartered in Baltimore, Maryland, and led by CEO Joseph Dominguez, the company operates through five segments across the Mid-Atlantic, Midwest, New York, ERCOT, and other regions. It has a generating capacity of approximately 31,676 megawatts from nuclear, wind, solar, natural gas, and hydroelectric assets. With about 15,291 employees, Constellation serves a diverse customer base, including utilities, municipalities, and residential clients.

Bottom Line

Coatue Management's reduction of its stake in Constellation Energy reflects a strategic adjustment in its portfolio. Investors often track these filings to gauge institutional sentiment, but it's important to remember that 13F filings are historical and may not represent current positions. Constellation Energy remains a significant player in the utilities sector, with strong analyst support and insider confidence.