Currently, there are 651.73M common shares owned by the public and among those 648.77M shares have been available to trade.
The company’s stock has a 5-day price change of 1.21% and 8.39% over the past three months. CNP shares are trading 7.85% year to date (YTD), with the 12-month market performance up to 22.78% higher. It has a 12-month low price of $25.41 and touched a high of $34.44 over the same period. CNP has an average intraday trading volume of 4.30 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 3.64%, 5.68%, and 13.60% respectively.
Institutional ownership of Centerpoint Energy Inc (NYSE: CNP) shares accounts for 97.56% of the company’s 651.73M shares outstanding.
It has a market capitalization of $22.30B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 21.59, while the earnings-per-share (ttm) stands at $1.58. The company has a PEG of 2.82 and a Quick Ratio of 0.91 with the debt-to-equity ratio at 2.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.19% over the week and 1.89% over the month.
Analysts forecast that Centerpoint Energy Inc (CNP) will achieve an EPS of 0.55 for the current quarter, 0.4 for the next quarter and 1.88 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.38 while analysts give the company a high EPS estimate of 0.38. Comparatively, EPS for the current quarter was 0.55 a year ago. Earnings per share for the fiscal year are expected to increase by 7.90%, and 7.28% over the next financial year. EPS should grow at an annualized rate of 7.66% over the next five years, compared to 3.47% over the past 5-year period.
Ladenburg Thalmann coverage for the Centerpoint Energy Inc (CNP) stock in a research note released on December 12, 2024 offered a Buy rating with a price target of $34.50. UBS was of a view on December 03, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on September 12, 2024, issuing a price target of $29. Wells Fargo on their part issued Equal Weight rating on August 13, 2024.
