SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Reduce Stake in Constellation Energy Below 5%

Sentiment:

Beneficial Ownership Report 12 February 2025 2:28 PM

📋All filings for Constellation Energy CORP

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a decrease in their beneficial ownership of Constellation Energy Corp common stock to 4.6% as of December 31, 2024.

Worse than expectedThe beneficial ownership of Constellation Energy Corp common stock by FMR LLC and Abigail P. Johnson has decreased to 4.6% of the class.This reduction below the 5% threshold indicates a significant divestment from their previous position, which was likely above 5%.

Summary

FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 2 to their Schedule 13G for Constellation Energy Corp.
As of December 31, 2024, their aggregate beneficial ownership of Constellation Energy Corp common stock is 14,341,724.85 shares.
This represents 4.6% of the class of common stock, indicating a reduction from a previous stake that was likely above 5%.
FMR LLC holds sole voting power over 13,188,687.00 shares and sole dispositive power over 14,341,724.85 shares.
The filing confirms that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
The filing was made jointly by FMR LLC and Abigail P. Johnson, who is a Director, Chairman, and CEO of FMR LLC, and part of the Johnson family controlling group of FMR LLC.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the reduction in beneficial ownership below the 5% threshold by a major institutional investor, which could imply a less favorable view or strategic reallocation of capital, although no explicit reason is provided.

Positives

The filing indicates that the investment is held in the ordinary course of business, not for control purposes, which suggests a passive investment strategy by a major institutional investor.

Negatives

The reduction in beneficial ownership below the 5% threshold by a significant institutional investor like FMR LLC could be interpreted as a less bullish stance on the company, though the filing itself does not provide reasons for the reduction.

Future Outlook

Industry Context

This filing is specific to the beneficial ownership of Constellation Energy Corp by FMR LLC and Abigail P. Johnson, and does not provide broader industry context or trends.

Stakeholder Impact

Shareholders: Existing shareholders might interpret the reduction in stake by a large institutional investor as a negative signal, potentially influencing stock price.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC, accession number -23-000003, incorporating Power of Attorney.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC, accession number -23-000038, incorporating Power of Attorney for Abigail P. Johnson.
2024-12-31	Date of event which requires filing of this statement (reporting period end date for ownership).
2025-02-11	Date of filing of this Schedule 13G Amendment No. 2.

Recommendation

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Keywords

Constellation Energy Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Stake Reduction, SEC Filing

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