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Positives for Centerpoint Energy Inc. (CNP) as stock gains in recent trading

Centerpoint Energy Inc. (NYSE: CNP) is 3.71% higher on its value in year-to-date trading and has touched a low of $25.42 and a high of $31.57 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 $30.32 in the last trading session, with the day’s loss setting it -0.69%.

Currently trading at $29.63, the stock is -3.53% and -1.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.26 million and changing -2.28% at the moment leaves the stock 4.08% off its SMA200. CNP registered 0.51% gain for a year compared to 6-month gain of 1.33%.

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The stock witnessed a -2.05% loss in the last 1 month and extending the period to 3 months gives it a 5.00%, and is -3.01% 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 1.44% over the week and 1.65% over the month.

Centerpoint Energy Inc. (CNP) has around 12328 employees, a market worth around $18.95B and $8.54B in sales. Current P/E ratio is 20.75 and Fwd P/E is 17.01. Profit margin for the company is 10.59%. Distance from 52-week low is 16.56% and -6.13% from its 52-week high. The company has generated returns on investments over the last 12 months (3.21%).

The EPS is expected to grow by 7.84% this year.

Centerpoint Energy Inc. (CNP) Top Institutional Holders

The shares outstanding are 639.72M, and float is at 637.10M with Short Float at 2.60%.

Centerpoint Energy Inc. (CNP) Insider Activity

The most recent transaction is an insider sale by Smitherman Barry T,the company’sDirector. SEC filings show that Smitherman Barry T sold 5,670 shares of the company’s common stock on May 03 ’24 at a price of $29.42 per share for a total of $0.17 million. Following the sale, the insider now owns 21203.0 shares.

Centerpoint Energy Inc. disclosed in a document filed with the SEC on Nov 29 ’23 that Foster Christopher A (EVP and CFO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 29 ’23 and was made at $28.10 per share for $0.14 million. Following the transaction, the insider now directly holds 0.15 million shares of the CNP stock.

Still, SEC filings show that on Nov 13 ’23, LESAR DAVID J (CEO) acquired 37,000 shares at an average price of $27.12 for $1.0 million. The insider now directly holds 37,000 shares of Centerpoint Energy Inc. (CNP).

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