Centerpoint Energy Inc. (NYSE: CNP) is -4.73% 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 $27.40 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $27.22, the stock is -2.63% and -2.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.55 million and changing -0.66% at the moment leaves the stock -3.57% off its SMA200. CNP registered -10.46% loss for a year compared to 6-month gain of -1.27%.
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The stock witnessed a -2.33% loss in the last 1 month and extending the period to 3 months gives it a -4.59%, and is -3.75% down 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 1.85% over the week and 1.55% over the month.
Centerpoint Energy Inc. (CNP) has around 12328 employees, a market worth around $17.23B and $8.70B in sales. Current P/E ratio is 19.86 and Fwd P/E is 15.68. Profit margin for the company is 9.97%. Distance from 52-week low is 7.08% and -13.41% from its 52-week high. The company has generated returns on investments over the last 12 months (3.18%).
The EPS is expected to grow by 7.80% this year.
Centerpoint Energy Inc. (CNP) Top Institutional Holders
The shares outstanding are 631.23M, and float is at 631.14M with Short Float at 1.86%.
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).
