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These Numbers Show Favorable Signs for Centerpoint Energy Inc. (CNP)

Centerpoint Energy Inc. (NYSE: CNP) is -0.46% lower on its value in year-to-date trading and has touched a low of $25.42 and a high of $31.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNP stock was last observed hovering at around $28.42 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $28.44, the stock is 1.35% and 2.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.01 million and changing 0.07% at the moment leaves the stock 0.54% off its SMA200. CNP registered -3.07% loss for a year compared to 6-month gain of 5.92%. The firm has a 50-day simple moving average (SMA 50) of $4.14 and a 200-day simple moving average (SMA200) of $11.29.

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The stock witnessed a 3.64% loss in the last 1 month and extending the period to 3 months gives it a -0.46%, and is 3.04% 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 1.77% over the week and 1.65% over the month.

Centerpoint Energy Inc. (CNP) has around 12328 employees, a market worth around $17.96B and $8.70B in sales. Current P/E ratio is 20.75 and Fwd P/E is 16.38. Profit margin for the company is 9.97%. Distance from 52-week low is 11.88% and -9.53% from its 52-week high. The company has generated returns on investments over the last 12 months (3.18%).

Centerpoint Energy Inc. quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $2.65B over the same period.The EPS is expected to grow by 7.74% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.

Centerpoint Energy Inc. (CNP) Top Institutional Holders

899 institutions hold shares in Centerpoint Energy Inc. (CNP), with institutional investors hold 93.41% of the company’s shares. The shares outstanding are 631.23M, and float is at 629.70M with Short Float at 1.97%. Institutions hold 93.09% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 77.01 million shares valued at $2.24 billion. The investor’s holdings represent 12.20% of the CNP Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 69.93 million shares valued at $2.04 billion to account for 11.08% of the shares outstanding. The other top investors are Blackrock Inc. which holds 50.55 million shares representing 8.01% and valued at over $1.47 billion, while State Street Corporation holds 5.31% of the shares totaling 33.53 million with a market value of $977.43 million.

Centerpoint Energy Inc. (CNP) Insider Activity

The most recent transaction is an insider purchase by Foster Christopher A,the company’sEVP and CFO. SEC filings show that Foster Christopher A bought 5,000 shares of the company’s common stock on Nov 29 ’23 at a price of $28.10 per share for a total of $0.14 million. Following the purchase, the insider now owns 0.15 million shares.

Centerpoint Energy Inc. disclosed in a document filed with the SEC on Nov 13 ’23 that LESAR DAVID J (CEO) bought a total of 37,000 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $27.12 per share for $1.0 million. Following the transaction, the insider now directly holds 37000.0 shares of the CNP stock.

Still, SEC filings show that on Nov 09 ’23, Wells Jason P. (President & COO) acquired 10,000 shares at an average price of $26.91 for $0.27 million. The insider now directly holds 55,560 shares of Centerpoint Energy Inc. (CNP).

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