Alta Capital Management Llc/ 13F: Cuts CEG Stake by $1.7M
Key Points
- Alta Capital Management's recent filing revealed a reduction of 6,700 shares in Constellation Energy, a 17.6% decrease from its previous holding of 38,005 shares.
- Alta Capital Management Llc/ held 31,305 $CEG shares at quarter end, down 17.63% from the prior quarter.
- The stock recently traded around $252.44, which is about equal to its closing price of $252.48 on the filing date.
- Constellation Energy's current market cap is approximately $89.5 billion, with a P/E ratio of 24.68.
Get Constellation Energy text alerts
We text you when insiders, Congress, analysts or big funds move on $CEG.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Constellation Energy Corporation alert may contain errors. Disclosures
On October 26, 2026, Alta Capital Management cut its position in Constellation Energy Corporation (CEG) by 6,700 shares, leaving it with 31,305 shares valued at approximately $7.95 million. This move was disclosed in the fund's latest Form 13F filing with the SEC.
CEG
Constellation Energy Corporation
What Changed in Alta Capital Management's Constellation Energy Position
The fund reduced its stake by 6,700 shares, a 17.6% decrease from its previous holding of 38,005 shares. This change represents a loss of about $1.7 million in value.
Where Constellation Energy Fits in Alta Capital Management's Portfolio
Constellation Energy now accounts for 0.75% of Alta Capital's reported 13F portfolio, ranking 31st among its 215 holdings.
Other Institutional Activity in Constellation Energy
Several other funds also adjusted their stakes in Constellation Energy. Integrated Advisors Network grew its holdings by 6,222 shares, totaling 8,017 shares worth about $2.04 million. Generate Investment Management added 109,499 shares, bringing its total to 134,499 shares valued at approximately $34.2 million. Meanwhile, Coatue Management reduced its position by 1,274,699 shares, leaving it with 4,632,475 shares.
Constellation Energy Corporation Stock Down 0.4%
Constellation Energy shares recently traded around $252.44, which is about equal to its closing price of $252.48 on October 26, 2026. The stock is currently below its 50-day moving average of $273.60 and its 200-day average of $281.53, indicating a potential downtrend.
Recent Earnings
For the trailing twelve months, Constellation Energy reported revenue of approximately $31.27 billion and earnings per share of $10.23. The next earnings report is scheduled for November 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
1 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 5.7%. Revenue beat estimates by 26.3%.
-
Profit surprise
EBITDA beat by 14 percent. Operating income missed by 49 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 target raise.
-
Earnings quality
Gross margin up 30.2 points. Operating margin up 14.2 points. Positive free cash flow.
Earnings Call Summary
Constellation delivered a strong first quarter, earning $2.74 per share in adjusted operating earnings, mostly from Calpine accretion and higher capacity prices in PJM. The company also repurchased $335 million of stock at an average price of $285 per share. Management emphasized that regulatory clarity in PJM on large data center connections is expected by year end, which should unlock substantial customer contracting that has been paused pending those rules.
Guidance The company reaffirmed its full year earnings guidance of $11 to $12 per share. Management highlighted free cash flow of $8.4 billion across 2026 and 2027, with further growth to $11.5 billion to $13 billion in 2028 and 2029 before optional upside levers.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Analysts Set New Price Targets
On October 22, 2026, HSBC initiated coverage on Constellation Energy with a "Buy" rating and a price target of $335.00. Morgan Stanley maintained its "Overweight" rating with a target of $378.00 on October 21, 2026. The consensus among analysts is a "Buy" rating with a mean price target of $339.16.
About Constellation Energy
Constellation Energy Corporation produces and sells energy products and services across the United States. It operates in various segments, offering electricity, natural gas, and sustainable solutions, with a generating capacity of approximately 31,676 megawatts.
Bottom Line
Investors should keep an eye on Constellation Energy's upcoming earnings report on November 9, 2026, and watch for further filings from Alta Capital Management. This reduction in position might suggest a shift in strategy or outlook for the fund regarding this utility stock.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $CEG (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts