Centerpoint Energy Inc. (CNP) Volatility Spurs A Quest For Clarity

Currently, there are 631.23M common shares owned by the public and among those 629.70M shares have been available to trade.

However, the script later moved the day high at 28.48, up 0.07%. The company’s stock has a 5-day price change of 3.04% and -0.46% over the past three months. CNP shares are trading -0.46% year to date (YTD), with the 12-month market performance down to -3.07% lower. It has a 12-month low price of $25.42 and touched a high of $31.43 over the same period. CNP has an average intraday trading volume of 4.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.35%, 2.19%, and 0.54% respectively.

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Institutional ownership of Centerpoint Energy Inc. (NYSE: CNP) shares accounts for 92.49% of the company’s 631.23M shares outstanding.

It has a market capitalization of $17.96B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 20.75, while the earnings-per-share (ttm) stands at $1.37. The company has a PEG of 2.70 and a Quick Ratio of 0.58 with the debt-to-equity ratio at 1.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.65% over the month.

Earnings per share for the fiscal year are expected to increase by 7.74%, and 7.44% over the next financial year. EPS should shrink at an annualized rate of 7.70% over the next five years, compared to 13.22% over the past 5-year period.

Looking at the support for the CNP, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on January 23, 2024, with the firm’s price target at $29-$30. KeyBanc Capital Markets coverage for the Centerpoint Energy Inc. (CNP) stock in a research note released on October 05, 2023 offered a Overweight rating with a price target of $29. Guggenheim on their part issued Buy rating on June 12, 2023.

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