Centerpoint Energy Inc (CNP) concluded trading on Thursday at a closing price of $32.66, with 3.32 million shares of worth about $108.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.82% during that period and on November 28, 2024 the price saw a gain of about 0.40%. Currently the company’s common shares owned by public are about 651.73M shares, out of which, 649.08M shares are available for trading.
Stock saw a price change of 3.45% in past 5 days and over the past one month there was a price change of 10.98%. Year-to-date (YTD), CNP shares are showing a performance of 14.32% which increased to 16.02% 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 $32.65 during that period. The average intraday trading volume for Centerpoint Energy Inc shares is 5.68 million. The stock is currently trading 6.62% above its 20-day simple moving average (SMA20), while that difference is up 9.00% for SMA50 and it goes to 12.93% higher than SMA200.
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Centerpoint Energy Inc (NYSE: CNP) currently have 651.73M outstanding shares and institutions hold larger chunk of about 93.45% of that.
The stock has a current market capitalization of $21.37B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 21.64, while it has posted earnings per share of $1.51 in the same period. Its PEG reads 2.90 and has Quick Ratio of 0.92 while making debt-to-equity ratio of 1.94. 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 2.34% over the month.
Stock’s fiscal year EPS is expected to rise by 7.74% while it is estimated to increase by 7.77% in next year. EPS is likely to shrink at an annualized rate of 7.47% 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.
