Currently, there are 641.97M common shares owned by the public and among those 639.31M shares have been available to trade.
The company’s stock has a 5-day price change of -7.80% and -7.93% over the past three months. CNP shares are trading -5.25% year to date (YTD), with the 12-month market performance down to -8.98% lower. It has a 12-month low price of $25.42 and touched a high of $31.57 over the same period. CNP has an average intraday trading volume of 5.67 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 -6.95%, -9.53%, and -5.41% respectively.
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Institutional ownership of Centerpoint Energy Inc. (NYSE: CNP) shares accounts for 98.63% of the company’s 641.97M shares outstanding.
It has a market capitalization of $17.38B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 16.75, while the earnings-per-share (ttm) stands at $1.62. The company has a PEG of 2.25 and a Quick Ratio of 0.99 with the debt-to-equity ratio at 1.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 2.51% over the month.
Earnings per share for the fiscal year are expected to increase by 7.85%, and 7.28% over the next financial year. EPS should shrink at an annualized rate of 7.45% over the next five years, compared to 13.22% over the past 5-year period.
JP Morgan coverage for the Centerpoint Energy Inc. (CNP) stock in a research note released on August 02, 2024 offered a Neutral rating with a price target of $29. BMO Capital Markets was of a view on August 02, 2024 that the stock is Market Perform, while Morgan Stanley gave the stock Equal-Weight rating on July 17, 2024, issuing a price target of $30- $29. Evercore ISI on their part issued In-line rating on January 23, 2024.
