CenterPoint Energy Inc. (NYSE:CNP) saw an upside of 1.96% to close Tuesday at $26.04 after adding $0.5 on the day. The 5-day average trading volume is 4,642,540 shares of the company’s common stock. It has gained $26.06 in the past week. An average of 7,003,640 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,833,838.
CNP’s 1-month performance is -0.46% or -$0.18 on its low of $24.33 reached on 09/20/21. The company’s shares have touched a 52-week low of $19.31 and high of $27.19, with the stock’s rally to the 52-week high happening on 08/16/21. YTD, CNP has achieved 20.33% or $4.40. However, the current price is down -4.25%% from the 52-week high price.
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On Mar 04, 223 days have gone by since the last insider trading activity for CenterPoint Energy Inc. (CNP). Biddle Leslie D. (Director) most recently sold 35,000 shares at $19.94 per share on Mar 04. This transaction cost the insider $697,764.
The company’s PE ratio for the last five years has touched a high of 48.67 and a low of 6.123. CNP stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.94 while the price-to-book (PB) in the most recent quarter is 2.14.
CenterPoint Energy Inc. pays an annual dividend of $0.64 per share. Its dividend yield is 2.46% and the payout ratio is 44.80%. CNP paid $0.17 a share compared with prior rate of $0.16, up 5.88% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.01 reported on Thursday September 30 2021. Measured over the last 3 years, the Dividend has been growing by -30.84% yearly.
It is projected that CenterPoint Energy Inc.’s next ex-dividend date will be on 17-Nov-2021. CNP is expected to distribute $0.17 as its next dividend.
CenterPoint Energy Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.50 meaning that CNP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.22, while the total debt to equity was 2.26The trailing 12-month EBITDA margin is 32.56% while for the period ending June 29; CenterPoint Energy Inc.’s operating margin was 16.80%. The firm’s gross profit as reported stood at $1.04 billion against revenue of $7.42 billion.
For the quarterly period ending June 29 this year, CenterPoint Energy Inc.’s cash and short-term investments amounted to $923.0 million against total debt of $16.16 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected CNP to announce $0.24 per share in earnings in its latest quarter, but it posted $0.36, representing a 50.00% surprise. EBITDA for the quarter stood at more than $631.0 million. CNP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.6 billion, with total debt at $16.16 billion. Shareholders hold equity totaling $592.89 million
Let’s look briefly at CenterPoint Energy Inc. (CNP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 63.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.75%.
The stock’s 5-day moving average is $25.70, reflecting a +2.24% or $0.57 change from its current price. CNP is currently trading +1.48% above its 20-day SMA, +5.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.92% and +20.67% respectively.
Stochastic %K and %D was 77.78% and 74.41% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 58.25%, while the 14-day stochastic is at 98.72% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.38 on the 14-day charts.
In the most recent analyst report for CenterPoint Energy Inc. (NYSE: CNP), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for CNP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNP as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is CNP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $26.00 and a high of $30.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for CenterPoint Energy Inc. (CNP) stock is $28.00.