CenterPoint Energy Inc. (NYSE: CNP) is 7.35% higher on its value in year-to-date trading and has touched a low of $15.18 and a high of $25.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNP stock was last observed hovering at around $23.36 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $25.00 for the next 12 months. It is also 13.96% off the consensus price target high of $27.00 offered by 15 analysts, but current levels are 3.21% higher than the price target low of $24.00 for the same period.
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Currently trading at $23.23, the stock is 4.12% and 8.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.41 million and changing -0.56% at the moment leaves the stock 10.76% off its SMA200. CNP registered 50.16% gain for a year compared to 6-month gain of 12.93%. The firm has a 50-day simple moving average (SMA 50) of $21.37 and a 200-day simple moving average (SMA200) of $21.57.
The stock witnessed a 11.15% loss in the last 1 month and extending the period to 3 months gives it a 5.83%, and is 2.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 2.46% over the month.
CenterPoint Energy Inc. (CNP) has around 9541 employees, a market worth around $12.81B and $7.42B in sales. Fwd P/E is 15.97. Profit margin for the company is -12.80%. Distance from 52-week low is 53.03% and -8.51% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).
CenterPoint Energy Inc. (CNP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CenterPoint Energy Inc. (CNP) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CenterPoint Energy Inc. is expected to release its quarterly report on 07/30/2021 and quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $2.29B over the same period.The EPS is expected to shrink by -229.10% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.
CenterPoint Energy Inc. (CNP) Top Institutional Holders
788 institutions hold shares in CenterPoint Energy Inc. (CNP), with 1.04M shares held by insiders accounting for 0.19% while institutional investors hold 96.47% of the company’s shares. The shares outstanding are 549.00M, and float is at 543.19M with Short Float at 3.16%. Institutions hold 96.29% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 64.91 million shares valued at $1.4 billion. The investor’s holdings represent 11.77% of the CNP Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 43.31 million shares valued at $937.28 million to account for 7.85% of the shares outstanding. The other top investors are FMR, LLC which holds 31.41 million shares representing 5.69% and valued at over $679.75 million, while State Street Corporation holds 5.20% of the shares totaling 28.71 million with a market value of $621.18 million.
CenterPoint Energy Inc. (CNP) Insider Activity
A total of 36 insider transactions have happened at CenterPoint Energy Inc. (CNP) in the last six months, with sales accounting for 16 and purchases happening 20 times. The most recent transaction is an insider sale by Biddle Leslie D. ,the company’sDirector. SEC filings show that Biddle Leslie D. sold 35,000 shares of the company’s common stock on Mar 04 at a price of $19.94 per share for a total of $0.7 million. Following the sale, the insider now owns 34096.0 shares.
CenterPoint Energy Inc. disclosed in a document filed with the SEC on Mar 01 that Biddle Leslie D. (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $19.84 per share for $0.99 million. Following the transaction, the insider now directly holds 69096.0 shares of the CNP stock.
Still, SEC filings show that on Mar 01, Smitherman Barry T (Director) acquired 10,000 shares at an average price of $19.80 for $0.2 million. The insider now directly holds 36,310 shares of CenterPoint Energy Inc. (CNP).
CenterPoint Energy Inc. (CNP): Who are the competitors?
The company’s main competitors (and peers) include OGE Energy Corp. (OGE) that is trading 9.63% up over the past 12 months and Atmos Energy Corporation (ATO) that is -0.10% lower over the same period. ONEOK Inc. (OKE) is 107.83% up on the 1-year trading charts. Short interest in the company’s stock has risen 2.67% from the last report on Mar 14, 2021 to stand at a total of 17.15 million short shares sold with a short interest ratio of 2.91.