Currently, there are 651.72M common shares owned by the public and among those 649.02M shares have been available to trade.
The company’s stock has a 5-day price change of 0.22% and -9.46% over the past three months. CNP shares are trading -3.57% year to date (YTD), with the 12-month market performance down to -2.62% lower. It has a 12-month low price of $25.41 and touched a high of $31.57 over the same period. CNP has an average intraday trading volume of 6.82 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 3.03%, -1.33%, and -3.43% respectively.
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Institutional ownership of Centerpoint Energy Inc. (NYSE: CNP) shares accounts for 101.24% of the company’s 651.72M shares outstanding.
It has a market capitalization of $17.95B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 17.05, while the earnings-per-share (ttm) stands at $1.62. The company has a PEG of 2.29 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 1.75% over the week and 1.82% over the month.
Earnings per share for the fiscal year are expected to increase by 7.82%, and 7.12% 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.
Looking at the support for the CNP, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on August 13, 2024, with the firm’s price target at $32-$28. JP Morgan was of a view on August 02, 2024 that the stock is Neutral, while BMO Capital Markets gave the stock Market Perform rating on August 02, 2024, issuing a price target of $31- $28. Morgan Stanley on their part issued Equal-Weight rating on July 17, 2024.
