Technical Outlook And Game Plan For Centerpoint Energy Inc (NYSE: CNP)

Centerpoint Energy Inc (CNP) concluded trading on Wednesday at a closing price of $33.82, with 4.19 million shares of worth about $141.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.88% during that period and on March 05, 2025 the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 651.73M shares, out of which, 648.68M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 4.03%. Year-to-date (YTD), CNP shares are showing a performance of 6.59% which increased to 23.25% 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 $34.85 during that period. The average intraday trading volume for Centerpoint Energy Inc shares is 4.48 million. The stock is currently trading 0.97% above its 20-day simple moving average (SMA20), while that difference is up 3.56% for SMA50 and it goes to 11.79% higher than SMA200.

Centerpoint Energy Inc (NYSE: CNP) currently have 651.73M outstanding shares and institutions hold larger chunk of about 97.63% of that.

The stock has a current market capitalization of $22.04B and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 21.34, while it has posted earnings per share of $1.58 in the same period. Its PEG reads 2.79 and has Quick Ratio of 0.91 while making debt-to-equity ratio of 2.03. 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 2.00% while standing at 1.82% over the month.

Stock’s fiscal year EPS is expected to rise by 7.95% while it is estimated to increase by 7.23% in next year. EPS is likely to grow at an annualized rate of 7.66% for next 5-years, compared to annual growth of 3.47% made by the stock over the past 5-years.

Coverage by Ladenburg Thalmann stated Centerpoint Energy Inc (CNP) stock as a Buy in their note to investors on December 12, 2024, suggesting a price target of $34.50 for the stock. On December 03, 2024, UBS Upgrade their recommendations, while on September 12, 2024, BofA Securities Resumed their ratings for the stock with a price target of $29. Stock get an Equal weight rating from Wells Fargo on August 13, 2024.

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