The stock of Centerpoint Energy Inc. (CNP) has seen a -1.38% decrease in the past week, with a 1.98% gain in the past month, and a 4.09% flourish in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.45% for CNP. The simple moving average for the last 20 days is -0.53% for CNP stock, with a simple moving average of 3.69% for the last 200 days.
Is It Worth Investing in Centerpoint Energy Inc. (NYSE: CNP) Right Now?
The price-to-earnings ratio for Centerpoint Energy Inc. (NYSE: CNP) is above average at 18.36x, Company’s 36-month beta value is 0.92.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for CNP is 648.17M, and currently, short sellers hold a 2.98% ratio of that floaft. The average trading volume of CNP on October 28, 2024 was 6.85M shares.
CNP) stock’s latest price update
The stock of Centerpoint Energy Inc. (NYSE: CNP) has increased by 1.25 when compared to last closing price of 29.31. Despite this, the company has experienced a -1.38% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-28 that CenterPoint Energy, Inc. (NYSE:CNP ) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert – SVP, Corporate Planning, IR and Treasurer Jason Wells – CEO Chris Foster – CFO Conference Call Participants Shar Pourreza – Guggenheim Steve Fleishman – Wolfe Research Durgesh Chopra – Evercore Jeremy Tonet – JPMorgan Securities David Arcaro – Morgan Stanley Julien Dumoulin-Smith – Jefferies Operator Good morning, and welcome to CenterPoint Energy Third Quarter 2024 Earnings Conference Call with Senior Management. [Operator Instructions] I will now turn the call over to Jackie Richert, Senior Vice President of Corporate Planning, Investor Relations and Treasurer.
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with BofA Securities repeating the rating for CNP by listing it as a “Neutral.” The predicted price for CNP in the upcoming period, according to BofA Securities is $29 based on the research report published on September 12, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CNP reach a price target of $28, previously predicting the price at $32. The rating they have provided for CNP stocks is “Equal Weight” according to the report published on August 13th, 2024.
CNP Trading at 3.92% 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 -5.99% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +1.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.37% upper at present.
During the last 5 trading sessions, CNP fell by -1.11%, which changed the moving average for the period of 200-days by +4.96% in comparison to the 20-day moving average, which settled at $29.84. In addition, Centerpoint Energy Inc. saw 3.87% 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 Smitherman Barry T, who sale 5,670 shares at the price of $29.42 back on May 03 ’24. After this action, Smitherman Barry T now owns 21,203 shares of Centerpoint Energy Inc., valued at $166,811 using the latest closing price.
Foster Christopher A, the EVP and CFO of Centerpoint Energy Inc., purchase 5,000 shares at $28.10 during a trade that took place back on Nov 29 ’23, which means that Foster Christopher A is holding 147,693 shares at $140,496 based on the most recent closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.47 for the gross margin
The net margin for Centerpoint Energy Inc. stands at 0.11. The total capital return value is set at 3.34. Equity return is now at value 10.15, with 2.66 for asset returns.
Based on Centerpoint Energy Inc. (CNP), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.86. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 3.2 billion with net debt to EBITDA at 6.75. When we switch over and look at the enterprise to sales, we see a ratio of 4.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In a nutshell, Centerpoint Energy Inc. (CNP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
