Centerpoint Energy Inc. (NYSE: CNP) is -1.40% lower on its value in year-to-date trading and has touched a low of $25.41 and a high of $31.57 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 $28.26 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $28.17, the stock is 2.19% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.77 million and changing -0.32% at the moment leaves the stock -1.25% off its SMA200. CNP registered -2.26% loss for a year compared to 6-month loss of 0.64%.
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The stock witnessed a 7.77% gain in the last 1 month and extending the period to 3 months gives it a -9.13%, and is 0.86% 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 1.43% over the week and 2.00% over the month.
Centerpoint Energy Inc. (CNP) has around 12328 employees, a market worth around $18.36B and $8.57B in sales. Current P/E ratio is 17.43 and Fwd P/E is 16.26. Profit margin for the company is 11.98%. Distance from 52-week low is 10.86% and -10.76% from its 52-week high. The company has generated returns on investments over the last 12 months (3.55%).
with sales reaching $1.97B over the same period.The EPS is expected to grow by 7.91% this year, but quarterly earnings will post 3.80% year-over-year.
Centerpoint Energy Inc. (CNP) Top Institutional Holders
908.0 institutions hold shares in Centerpoint Energy Inc. (CNP), with institutional investors hold 94.23% of the company’s shares. The shares outstanding are 651.72M, and float is at 649.08M with Short Float at 1.86%. Institutions hold 93.91% of the Float.
The top institutional shareholder in the company is CAPITAL INTERNATIONAL INVESTORS with over 84.65 million shares valued at $2.62 billion. The investor’s holdings represent 13.3894% of the CNP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 77.72 million shares valued at $2.41 billion to account for 12.2923 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 50.96 million shares representing 8.0597% and valued at over $1.58 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 6.235 of the shares totaling 39.42 million with a market value of $1.22 billion.
Centerpoint Energy Inc. (CNP) Insider Activity
The most recent transaction is an insider sale by Smitherman Barry T, the company’s Director. 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).
