Centerpoint Energy Inc (CNP) concluded trading on Wednesday at a closing price of $31.17, with 4.19 million shares of worth about $130.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.34% during that period and on January 08, 2025 the price saw a gain of about 0.97%. 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 -1.76% in past 5 days and over the past one month there was a price change of -1.55%. Year-to-date (YTD), CNP shares are showing a performance of -1.76% which increased to 5.98% 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 $33.00 during that period. The average intraday trading volume for Centerpoint Energy Inc shares is 4.76 million. The stock is currently trading -1.83% below its 20-day simple moving average (SMA20), while that difference is down -0.11% for SMA50 and it goes to 5.84% higher than SMA200.
Centerpoint Energy Inc (NYSE: CNP) currently have 651.72M outstanding shares and institutions hold larger chunk of about 93.41% of that.
The stock has a current market capitalization of $20.31B and its 3Y-monthly beta is at 0.95. PE ratio of stock for trailing 12 months is 20.65, while it has posted earnings per share of $1.51 in the same period. Its PEG reads 2.68 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 1.84% while standing at 1.89% over the month.
Stock’s fiscal year EPS is expected to rise by 7.84% while it is estimated to increase by 7.85% in next year. EPS is likely to shrink at an annualized rate of 7.70% 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 Ladenburg Thalmann on December 12, 2024 offering a Buy rating for the stock and assigned a target price of $34.50 to it. Coverage by UBS stated Centerpoint Energy Inc (CNP) stock as a Buy in their note to investors on December 03, 2024, suggesting a price target of $37 for the stock. On September 12, 2024, BofA Securities Resumed their recommendations, while on August 13, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $28. Stock get a Sector weight rating from KeyBanc Capital Markets on August 02, 2024.
