Last Week, CenterPoint Energy Inc. (CNP) Recorded A Gain Of $50.68

As of Friday close, CenterPoint Energy Inc.’s (NYSE:CNP) stock was up $0.64, moving up 2.11 percent to $31.03. The average number of shares traded per day over the past five days has been 5,540,740 shares. 2 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 5,604,220, while in the previous 50 days, it was 5,158,274.

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Since last month, CNP stock retreated -3.99%. Shares of the company fell to $29.81 on 05/12/22, the lowest level in the past month. A 52-week high of $33.00 was reached on 04/21/22 after having rallying from a 52-week low of $23.58. Since the beginning of this year, CNP’s stock price has risen by 11.18% or $3.12, and marked a new high 25 times. However, the stock has declined by -5.97% since its 52-week high.

CenterPoint Energy Inc. (CNP) last reported insider trading activity 9 days ago on May 05. Smitherman Barry T, the Director of the company, disposed of 16,347 shares for $31.23 on May 05. It resulted in a $510,576 divestment by the insider. Smitherman Barry T sold 2,000 shares at an average price of $28.67 on Mar 09. The insider now owns 23,747 shares following the transaction. On Nov 08, Director Smitherman Barry T sold 16,910 shares at $26.50 apiece. The transaction was valued at $448,096.

Valuation Metrics

Right now, CenterPoint Energy Inc. (CNP) has a P/E ratio of about 21.55. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 2.13.

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Thursday September 30 2021, a $0.01 dividend increase was announced.

Financial Health

In the three months ended September 29, CenterPoint Energy Inc.’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.32, and the total debt-to-equity ratio was 1.52. In the year ended September 29, operating margins totaled 19.80%. Based on annual data, CNP earned $1.36 billion in gross profit and brought in $8.35 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 19.10%.

In CenterPoint Energy Inc.’s quarter-end financial report for September 29, it reported total debt of $12.11 billion against cash and short-term investments of $720.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNP’s revenue rose 7.82% to $2.31 billion during the quarter, while net income inched up to $2.76 billion. While analysts expected CenterPoint Energy Inc. to report $0.28 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 17.90%. During the quarter, the company generated $795.0 million in EBITDA. The liabilities of CenterPoint Energy Inc. were 25.25 billion at the end of its most recent quarter ended September 29, and its total debt was $16.14 billion. The value of shareholders’ equity is $629.45 million.

Technical Picture

This quick technical analysis looks at CenterPoint Energy Inc.’s (CNP) price momentum. With a historical volatility rate of 20.33%, the RSI 9-day stood at 52.50% on 13 May.

With respect to its five-day moving average, the current CenterPoint Energy Inc. price is up by +0.98% percent or $0.30. At present, CNP shares trade -4.23% below its 20-day simple moving average and +14.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.88% above its SMA50 and +20.22% above its SMA200.

Stochastic coefficient K was 34.79% and Stochastic coefficient D was 25.53%, while ATR was 0.75. Given the Stochastic reading of 55.94% for the 14-day period, the RSI (14) reading has been calculated as 51.72%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at -0.19.

Analyst Ratings

Credit Suisse launched its rating on CenterPoint Energy Inc. (NYSE: CNP) to an Outperform in a note to investors on April 26, 2022. CenterPoint Energy Inc. (CNP) has been rated Overweight by analysts. According to 0 brokerage firms, CNP is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate CenterPoint Energy Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $34.00, the current consensus forecast for the stock is $30.00 – $36.00. Based on these forecasts, analysts predict CenterPoint Energy Inc. (CNP) will achieve an average price target of $33.38.


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