Centerpoint Energy Inc. (CNP) concluded trading on Thursday at a closing price of $28.62, with 3.54 million shares of worth about $101.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.10% during that period and on September 25, 2024 the price saw a loss of about -0.21%. Currently the company’s common shares owned by public are about 651.72M shares, out of which, 649.08M shares are available for trading.
Stock saw a price change of 1.45% in past 5 days and over the past one month there was a price change of 5.30%. Year-to-date (YTD), CNP shares are showing a performance of 0.18% which increased to 1.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.41 but also hit the highest price of $31.57 during that period. The average intraday trading volume for Centerpoint Energy Inc. shares is 6.87 million. The stock is currently trading 2.91% above its 20-day simple moving average (SMA20), while that difference is up 4.05% for SMA50 and it goes to 0.34% higher than SMA200.
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Centerpoint Energy Inc. (NYSE: CNP) currently have 651.72M outstanding shares and institutions hold larger chunk of about 93.26% of that.
The stock has a current market capitalization of $18.65B and its 3Y-monthly beta is at 0.91. PE ratio of stock for trailing 12 months is 17.71, while it has posted earnings per share of $1.62 in the same period. Its PEG reads 2.40 and has Quick Ratio of 0.99 while making debt-to-equity ratio of 1.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNP, volatility over the week remained 1.92% while standing at 1.97% over the month.
Stock’s fiscal year EPS is expected to rise by 7.91% while it is estimated to increase by 7.01% in next year. EPS is likely to shrink at an annualized rate of 7.37% for next 5-years, compared to annual growth of 13.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on September 12, 2024 offering a Neutral rating for the stock and assigned a target price of $29 to it. Coverage by Wells Fargo stated Centerpoint Energy Inc. (CNP) stock as an Equal weight in their note to investors on August 13, 2024, suggesting a price target of $28 for the stock. On August 02, 2024, KeyBanc Capital Markets Downgrade their recommendations, while on August 02, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $29. Stock get a Market perform rating from BMO Capital Markets on August 02, 2024.
