Centerpoint Energy Inc (NYSE: CNP) is 12.17% higher on its value in year-to-date trading and has touched a low of $25.41 and a high of $35.63 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 $35.48 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $35.59, the stock is 3.85% and 7.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.58 million and changing 0.31% at the moment leaves the stock 16.91% off its SMA200. CNP registered 27.11% gain for a year compared to 6-month gain of 29.00%. The firm has a 50-day simple moving average (SMA 50) of $33.055 and a 200-day simple moving average (SMA200) of $30.44325.
The stock witnessed a 6.46% loss in the last 1 month and extending the period to 3 months gives it a 13.31%, and is 3.37% 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 1.87% over the week and 2.04% over the month.
Centerpoint Energy Inc (CNP) has around 8872 employees, a market worth around $23.20B and $8.64B in sales. Current P/E ratio is 22.46 and Fwd P/E is 18.98. Profit margin for the company is 11.79%. Distance from 52-week low is 40.06% and -0.13% from its 52-week high. The company has generated returns on investments over the last 12 months (3.28%).
with sales reaching $2.67B over the same period.The EPS is expected to grow by 7.88% this year, but quarterly earnings will post 9.04% year-over-year. Quarterly sales are estimated to grow 2.06% in year-over-year returns.
Centerpoint Energy Inc (CNP) Top Institutional Holders
928.0 institutions hold shares in Centerpoint Energy Inc (CNP), with institutional investors hold 98.26% of the company’s shares. The shares outstanding are 651.73M, and float is at 648.85M with Short Float at 3.90%. Institutions hold 97.85% 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 13.2112% 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 6.152 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 Pound Ted, the company’s Director. SEC filings show that Pound Ted sold 6,103 shares of the company’s common stock on Mar 03 ’25 at a price of $34.50 per share for a total of $0.21 million. Following the sale, the insider now owns 46803.0 shares.
Centerpoint Energy Inc disclosed in a document filed with the SEC on Feb 24 ’25 that Colvin Kristie (SVP and CAO) sold a total of 16,357 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $34.10 per share for $0.56 million. Following the transaction, the insider now directly holds 0.12 million shares of the CNP stock.
Still, SEC filings show that on Feb 24 ’25, Colvin Kristie (SVP and CAO) disposed off 179 shares at an average price of $34.08 for $6100.0. The insider now directly holds 0 shares of Centerpoint Energy Inc (CNP).
