5 Energy Stocks to Buy According to Billionaire David Harding

1. Constellation Energy Corporation (NASDAQ:CEG)

Winton Capital’s Stake Value: $10.9 million

Percentage of Winton Capital’s 13F Portfolio: 0.57%

Number of Hedge Fund Holders: 43

Constellation Energy Corporation (NASDAQ:CEG) is another American electricity company. The firm generates and sells electricity in several American regions and its portfolio has more than 32,000 megawatts of power capacity. Constellation Energy Corporation (NASDAQ:CEG) is headquartered in Baltimore, Maryland.

Mr. Harding’s hedge fund owned 190,602 Constellation Energy Corporation (NASDAQ:CEG) shares during this year’s second quarter, for a $10.9 million stake that represented 0.57% of the firm’s portfolio. Insider Monkey’s Q2 2022 survey of 895 hedge funds saw 43 investors in the company.

Constellation Energy Corporation (NASDAQ:CEG)’s shares have rallied by an outstanding 98% this year, which has undoubtedly made Mr. Harding quite happy – especially since the firm is his largest energy holding. In a major development, the firm announced in September 2022 that its nuclear plants ran at 100% capacity this summer and did not experience any supply constraints. Morgan Stanley increased the company’s share price target to $95 from $64 in August 2022, stating that the company’s operating income is not risky.

Constellation Energy Corporation (NASDAQ:CEG)’s largest investor is John Smith Clark’s Southpoint Capital Advisors which owns 3 million shares that are worth $171 million.

Disclosure: None. You can also take a look at Best Delivery Stocks To Buy and 11 Best Pharma and Biotech Stocks to Buy.

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