The price-to-earnings ratio for Centerpoint Energy Inc (NYSE: CNP) is 20.64x, which is above its average ratio. Moreover, the 36-month beta value for CNP is 0.94. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”
The public float for CNP is 648.18M and currently, short sellers hold a 2.81% of that float. On November 19, 2024, CNP’s average trading volume was 5.89M shares.
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CNP) stock’s latest price update
The stock of Centerpoint Energy Inc (NYSE: CNP) has increased by 0.94 when compared to last closing price of 30.86.Despite this, the company has seen a gain of 3.63% in its stock price over the last five trading days. prnewswire.com reported 2024-11-14 that Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initiative. HOUSTON, Nov. 14, 2024 /PRNewswire/ — CenterPoint Energy today announced the completion of the last of its 42 critical initial actions and commitments it made to state leaders and customers in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response.
CNP’s Market Performance
CNP’s stock has risen by 3.63% in the past week, with a monthly rise of 3.45% and a quarterly rise of 20.69%. The volatility ratio for the week is 2.20% while the volatility levels for the last 30 days are 2.32% for Centerpoint Energy Inc The simple moving average for the past 20 days is 4.68% for CNP’s stock, with a 8.30% simple moving average for the past 200 days.
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 5.98% 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 -1.31% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +3.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.64% upper at present.
During the last 5 trading sessions, CNP rose by +3.63%, which changed the moving average for the period of 200-days by +11.45% in comparison to the 20-day moving average, which settled at $29.76. In addition, Centerpoint Energy Inc saw 9.03% 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
- 0.36 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 9.57, with 2.35 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 1.89. The interest coverage ratio of the stock is 2.24.
Currently, EBITDA for the company is 3.19 billion with net debt to EBITDA at 6.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.68. The receivables turnover for the company is 7.09for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To wrap up, the performance of Centerpoint Energy Inc (CNP) has been better in recent times. The stock has received a bullish of “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.
