Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Constellation Energy logoConstellation Energy CEG

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Distribution

read at $254.83

Constellation Energy holds its Distribution at $254.83.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseDistribution · caution
Quantitative stateThe statistical read favours the sellers, held for 262 days
Price$254.83
Valuation23.46 trailing · 19.82 forward price to earnings
Values screenPASS · score 90.8
Beta1.16

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows good risk-adjusted returns. Entered 2026-07-03 · Distribution

The dated journal · newest first, never edited

2026-07-03 Distribution $254.83 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Distribution $254.83 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · CEG
DateInsiderTitleTypeSharesValue
2026-04-28 RICHARDSON JOHN M Director 556 $169,975
2026-04-28 PATERSON EILEEN PATRICIA Director 556 $169,975
2026-04-28 DE BALMANN YVES C Director 556 $169,975
2026-04-28 HALVERSON BRADLEY M. Director 556 $169,975
2026-04-28 HOLZRICHTER JULIE Director 556 $169,975
2026-04-28 LAWLESS ROBERT J Director 556 $169,975
2026-04-28 JAMIL DHIAA M Director 556 $169,975
2026-04-28 HARRINGTON CHARLES L Director 556 $169,975
2026-04-28 ASHISH KHANDPUR K Director 556 $169,975
2026-04-28 RIMMER NNEKA LOUISE Director 556 $169,975

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming CEG
DatePoliticianPartyTypeAmount
2026-04-13 Ro Khanna Democrat Purchase 1K–15K
15 May2026 Ro Khanna Democrat sell 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $299.23 -18.9% $0.43 $813 -18.7%
2 months $286.06 -15.2% $0.43 $850 -15.0%
3 months $301.08 -19.4% $0.43 $808 -19.2%
6 months $377.51 -35.7% $0.85 $645 -35.5%
1 year $289.50 -16.2% $1.63 $844 -15.6%
2 years $212.09 +14.4% $3.11 $1,159 +15.9%
3 years $91.41 +165.5% $4.38 $2,703 +170.3%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever CEG does next, these words stay.

Constellation Energy · CEG · Distribution · $254.83
Recorded 2026-05-15 · before the outcome · scored mechanically

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