Centerpoint Energy Inc (NYSE: CNP) is -2.14% lower on its value in year-to-date trading and has touched a low of $25.41 and a high of $33.00 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 $31.64 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $31.05, the stock is -2.36% and -0.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing -1.86% at the moment leaves the stock 5.55% off its SMA200. CNP registered 6.77% gain for a year compared to 6-month gain of 2.41%. The firm has a 50-day simple moving average (SMA 50) of $31.1122 and a 200-day simple moving average (SMA200) of $29.4029.
The stock witnessed a -3.87% loss in the last 1 month and extending the period to 3 months gives it a 1.74%, and is -3.60% 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 1.81% over the week and 1.91% over the month.
Centerpoint Energy Inc (CNP) has around 12328 employees, a market worth around $20.33B and $8.56B in sales. Current P/E ratio is 20.57 and Fwd P/E is 17.80. Profit margin for the company is 11.25%. Distance from 52-week low is 22.20% and -5.91% from its 52-week high. The company has generated returns on investments over the last 12 months (3.18%).
with sales reaching $2.45B over the same period.The EPS is expected to grow by 7.86% this year, but quarterly earnings will post 2.96% year-over-year. Quarterly sales are estimated to grow 12.43% in year-over-year returns.
Centerpoint Energy Inc (CNP) Top Institutional Holders
886.0 institutions hold shares in Centerpoint Energy Inc (CNP), with institutional investors hold 94.45% of the company’s shares. The shares outstanding are 651.72M, and float is at 649.08M with Short Float at 2.90%. Institutions hold 94.14% 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’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.
