NASDAQ: CEG
Key Data Points
In July 2025, the Federal Energy Regulatory Commission approved plans for Constellation Energy to acquire Calpine, a privately held company that's the leading generator of electricity from natural gas and geothermal resources in the U.S., for a net purchase price of $26.6 billion. The merger will create the largest provider of clean energy in the U.S., though it had been challenged by environmental groups.
And in 2024, the company made headlines when it inked a deal with Microsoft (MSFT +0.56%) to restart a Three Mile Island nuclear power plant and power its artificial intelligence (AI) data center.
If you want to invest in the transition to clean energy, buying Constellation Energy stock could be a smart move. We'll break down what you need to know about investing in Constellation Energy, including its profitability, dividend history, stock split history, and more.
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How to buy Constellation Energy stock
To buy stock in any publicly traded company, including Constellation Energy, follow these steps.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should I invest in Constellation Energy?
No stock is right for every investor. Here are some scenarios where you might consider adding Constellation Energy stock to your portfolio.
- You want exposure to clean energy stocks and believe the U.S. will continue its transition to carbon-free electricity.
- You care about sustainable investing and want to invest in a company with strong ESG ratings.
- You believe that increased adoption of AI technologies will create more need for electric utilities.
- You're looking for dividend growth but don't need investment income right now.
- You're focused on energy stocks with long-term growth potential and can afford to stay invested through short-term headwinds.
Consider avoiding Constellation Energy stock if:
- You're concerned about the risks of nuclear energy.
- You believe policy changes or grid limitations could disrupt the transition to clean energy in the U.S.
- You're looking for a high dividend yield.
- You believe the DeepSeek AI model, which requires far less power than previous AI models, could have a negative effect on energy stocks.
Is Constellation Energy stock profitable?
Constellation Energy stock is profitable. The company reported generally accepted accounting principles (GAAP) net income of $2.67 per share and adjusted operating earnings of $1.91 per share for the second quarter of 2025, up from $2.58 and $1.68, respectively, the prior year.
Constellation Energy completed $1 billion worth of share repurchases in 2024 and another $400 million in the second quarter of 2025. It also grew its dividend by 25%. It also received a credit ratings upgrade from Moody's, which could make it cheaper for the company to borrow money for projects that will power its growth.
Does Constellation Energy pay a dividend?
Constellation Energy pays annual dividends of $1.55, which works out to a dividend yield of 0.39% based on its share price as of mid-October 2025. That may not be the kind of dividend yield that excites income investors, considering that many utility stocks have yields well north of 3%.
But the stock could be worth snatching up if you're looking for dividend growth. Since becoming its own publicly traded company in 2022, Constellation Energy has increased its dividend every year. The company said in its 2025 second quarter report that it continues to deliver on its commitment to hike its dividend by 10% in 2025.
Exchange-Traded Fund (ETF)
Will Constellation Energy stock split?
Constellation Energy has announced no plans for an upcoming stock split as of late 2025. Companies often split their stocks to make their shares more appealing to retail investors and improve liquidity after share prices have risen rapidly. Constellation's stock was trading at close to $400 in late 2025, so a stock split isn't totally out of the question, but it's unlikely to happen in the near future.
The company hasn't split its stock since becoming its own publicly traded entity in 2022.
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The bottom line on Constellation Energy stock
Energy prices can be volatile, and changes in clean energy regulations and tax incentives could have a major impact on carbon-free energy providers like Constellation Energy. Also, it's making a large investment in nuclear energy, which remains controversial.
But if you believe that the transition to carbon-free energy is inevitable, Constellation Energy could be a good pick for your portfolio. The company has a profitable history and has signed several deals that should be appealing to clean energy investors. Its commitment to growing its dividend could eventually make it a good stock for income investors as well.
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