Insider Selling: Constellation Energy major shareholder Unloads 109,016 Shares of Stock (CEP)
Constellation Energy (NYSE:CEP) major shareholder & Guill Energy L.P. Edelman sold 109,016 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $2.41, for a total transaction of $262,728.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Constellation Energy (NYSE:CEP) remained flat at $2.41 during during mid-day trading trading on Thursday. 190,934 shares of the company’s stock traded hands. Constellation Energy has a 52-week low of $1.82 and a 52-week high of $3.20. The stock has a 50-day moving average of $2.41 and a 200-day moving average of $2.39. The company’s market cap is $71.2 million.
Constellation Energy (NYSE:CEP) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.24. On average, analysts predict that Constellation Energy will post $0.17 earnings per share for the current fiscal year.
Constellation Energy Partners LLC (NYSE:CEP) is engaged in the acquisition, development and production of oil and natural gas properties, as well as related midstream assets.
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