Centerpoint Energy Inc (NYSE: CNP) is 9.03% higher 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 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 $30.86 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $31.15, the stock is 4.68% and 5.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.83 million and changing 0.94% at the moment leaves the stock 8.30% off its SMA200. CNP registered 12.62% gain for a year compared to 6-month gain of 3.87%. The firm has a 50-day simple moving average (SMA 50) of $29.3184 and a 200-day simple moving average (SMA200) of $28.74795.
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The stock witnessed a 3.45% loss in the last 1 month and extending the period to 3 months gives it a 20.69%, and is 3.63% 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 2.20% over the week and 2.32% over the month.
Centerpoint Energy Inc (CNP) has around 12328 employees, a market worth around $20.90B and $8.56B in sales. Current P/E ratio is 20.64 and Fwd P/E is 17.90. Profit margin for the company is 11.25%. Distance from 52-week low is 22.59% and -1.31% from its 52-week high. The company has generated returns on investments over the last 12 months (3.18%).
with sales reaching $2.23B over the same period.The EPS is expected to grow by 7.73% this year, but quarterly earnings will post 1.01% year-over-year. Quarterly sales are estimated to grow 2.22% in year-over-year returns.
Centerpoint Energy Inc (CNP) Top Institutional Holders
892.0 institutions hold shares in Centerpoint Energy Inc (CNP), with institutional investors hold 94.43% of the company’s shares. The shares outstanding are 651.73M, and float is at 648.18M with Short Float at 2.81%. Institutions hold 94.11% 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.
