Centerpoint Energy Inc. (NYSE: CNP) has seen a rise in its stock price by 1.28 in relation to its previous close of 28.85. However, the company has experienced a 1.53% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that PPL’s first-quarter 2024 results are likely to benefit from ongoing savings in operation and maintenance costs. However, winter storms might have lowered its revenues.
Is It Worth Investing in Centerpoint Energy Inc. (NYSE: CNP) Right Now?
Centerpoint Energy Inc. (NYSE: CNP) has a price-to-earnings ratio of 21.32x that is above its average ratio. Additionally, the 36-month beta value for CNP is 0.92. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for CNP is 631.14M and currently, short sellers hold a 1.81% ratio of that float. The average trading volume of CNP on April 30, 2024 was 4.19M shares.
CNP’s Market Performance
CNP stock saw an increase of 1.53% in the past week, with a monthly gain of 2.56% and a quarterly increase of 4.69%. The volatility ratio for the week is 1.77%, and the volatility levels for the last 30 days are 1.65% for Centerpoint Energy Inc. (CNP). The simple moving average for the past 20 days is 3.68% for CNP’s stock, with a 3.68% simple moving average for the past 200 days.
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with Evercore ISI repeating the rating for CNP by listing it as a “In-line.” The predicted price for CNP in the upcoming period, according to Evercore ISI is $30 based on the research report published on January 23, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CNP reach a price target of $29. The rating they have provided for CNP stocks is “Overweight” according to the report published on October 05th, 2023.
Barclays gave a rating of “Underweight” to CNP, setting the target price at $28 in the report published on August 23rd of the previous year.
CNP Trading at 4.25% from the 50-Day Moving Average
After a stumble in the market that brought CNP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.05% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares surge +2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.84% upper at present.
During the last 5 trading sessions, CNP rose by +1.53%, which changed the moving average for the period of 200-days by -3.98% in comparison to the 20-day moving average, which settled at $28.22. In addition, Centerpoint Energy Inc. saw 2.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNP starting from Foster Christopher A, who purchase 5,000 shares at the price of $28.10 back on Nov 29 ’23. After this action, Foster Christopher A now owns 147,693 shares of Centerpoint Energy Inc., valued at $140,496 using the latest closing price.
LESAR DAVID J, the CEO of Centerpoint Energy Inc., purchase 37,000 shares at $27.12 during a trade that took place back on Nov 13 ’23, which means that LESAR DAVID J is holding 37,000 shares at $1,003,440 based on the most recent closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.42 for the gross margin
The net margin for Centerpoint Energy Inc. stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 9.31, with 2.30 for asset returns.
Based on Centerpoint Energy Inc. (CNP), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.93. The interest coverage ratio of the stock is 2.51.
Currently, EBITDA for the company is 3.2 billion with net debt to EBITDA at 5.79. When we switch over and look at the enterprise to sales, we see a ratio of 4.26. The receivables turnover for the company is 6.59for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
Conclusion
In conclusion, Centerpoint Energy Inc. (CNP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
