CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $3.5M to CEG Stake

Cushing Asset Management boosted its stake in Constellation Energy Corporation (CEG) by 13,800 shares, bringing its total to 120,800 shares valued at about $30.7 million. This change was reported in a filing on October 26, 2026, with the fund's total reported value at $1.42 billion.

The increase of 12.9% in shares reflects the fund's confidence in Constellation Energy's operations, which include producing and selling energy products and services across the United States. The company has a diverse generating capacity of approximately 31,676 megawatts, including nuclear, wind, solar, and natural gas assets.

CEG Constellation Energy Corporation

$252.48 ▼ -30.76% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Constellation Energy Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's position in Constellation Energy now makes up 2.17% of its overall portfolio, ranking 15th out of 73 holdings.

Other Institutional Activity in Constellation Energy

Several other funds have also made moves regarding Constellation Energy. Capital International Investors added 1,048,281 shares, increasing its total to 12,657,149 shares valued at approximately $3.2 billion. Meanwhile, Ag2R la Mondiale Gestion D'Actifs reduced its stake by 14,442 shares, leaving it with 16,100 shares worth about $4.1 million. ECP ControlCo, LLC also cut its holdings by 7,673,379 shares, bringing its total to 14,370,227 shares valued at roughly $3.6 billion.

Constellation Energy Corporation Stock Down 0.4%

As of October 27, 2026, Constellation Energy shares traded recently around $252.44, which is about equal to the closing price of $252.48 on October 26. The stock remains below both its 50-day and 200-day moving averages by 7.7% and 10.3%, respectively. It is also 37.8% below its 52-week high of $406.04.

Recent Earnings

Constellation Energy reported trailing twelve-month revenue of approximately $31.3 billion, with an EPS of $10.23. The company is set to announce its next earnings on November 9, 2026.

Dividend

Constellation Energy pays an annual dividend of $1.71 per share, yielding about 0.68%. This reflects a payout ratio of 15.9%, indicating a commitment to returning value to shareholders.

Insider Buying and Selling at Constellation Energy Corporation

On August 11, 2026, Director Roger W. Crandall bought 1,500 shares at an average price of $278.62, totaling a value of $417,931. This transaction occurred before the recent filing and shows insider confidence in the company's future.

Analysts Set New Price Targets

Analysts have maintained a positive outlook on Constellation Energy. On October 21, 2026, Morgan Stanley maintained its "Overweight" rating with a price target of $378.00, up from $369.00. Meanwhile, HSBC initiated coverage with a "Buy" rating and a target of $335.00 on October 22, 2026.

About Constellation Energy

Constellation Energy Corporation is engaged in producing and selling energy products and services in the U.S. The company operates across various segments, offering a range of electricity and natural gas solutions. Its diverse energy portfolio positions it well in the growing utilities sector.

Bottom Line

Investors should watch for Constellation Energy's upcoming earnings report on November 9, 2026, as well as any further filings by Cushing Asset Management. The recent increase in holdings highlights ongoing interest in the energy sector, particularly as market conditions evolve.