Insider Selling: Constellation Energy major shareholder Sells 275,000 Shares of Stock (CEP)
Constellation Energy (NYSE:CEP) major shareholder & Guill Energy L.P. Edelman unloaded 275,000 shares of Constellation Energy stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $2.73, for a total value of $750,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Constellation Energy (NYSE:CEP) traded up 0.74% during mid-day trading on Monday, hitting $2.74. The stock had a trading volume of 54,882 shares. Constellation Energy has a 1-year low of $1.82 and a 1-year high of $3.20. The stock’s 50-day moving average is $2.51 and its 200-day moving average is $2.44. The company’s market cap is $80.9 million.
Constellation Energy (NYSE:CEP) last posted its quarterly earnings results 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. Analysts expect that Constellation Energy will post $0.17 EPS 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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