5 Best-Performing S&P 500 Stocks in 2022

2. Constellation Energy Corporation (NASDAQ:CEG)

Year to Date Return as of September 15: 106.67%

Number of Hedge Fund Holders: 43

Constellation Energy Corporation (NASDAQ:CEG) is a leading American utility company. The company has five business divisions: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. At the close of Q2 2022, 43 hedge funds were long Constellation Energy Corporation (NASDAQ:CEG) and held stakes worth $1.20 billion in the company. This is compared to 47 hedge funds in the previous quarter with stakes worth $1.12 billion.

Wall Street is bullish on Constellation Energy Corporation (NASDAQ:CEG). On August 8, KeyBanc analyst Sangita Jain raised her price target on Constellation Energy Corporation (NASDAQ:CEG) to $87 from $70 and reiterated an Overweight rating on the shares. On August 18, Morgan Stanley analyst Stephen Byrd raised his price target on Constellation Energy Corporation (NASDAQ:CEG) to $95 from $64 and maintained an Overweight rating on the shares.

Shares of Constellation Energy Corporation (NASDAQ:CEG) have gained 106.67% year to date, as of September 15.

As of June 30, Southpoint Capital Advisors owns 3 million shares of Constellation Energy Corporation (NASDAQ:CEG) and is the largest shareholder in the company. The fund’s stakes are valued at $171.78 million.