As of Friday close, CenterPoint Energy Inc.’s (NYSE:CNP) stock was down -$0.09, moving down -0.32 percent to $28.30. The average number of shares traded per day over the past five days has been 4,386,720 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.78 fall in that time frame. In the last twenty days, the average volume was 4,117,965, while in the previous 50 days, it was 4,117,942.
Since last month, CNP stock rose 0.50%. Shares of the company fell to $27.16 on 09/05/23, the lowest level in the past month. A 52-week high of $33.50 was reached on 01/13/23 after having rallying from a 52-week low of $25.03. Since the beginning of this year, CNP’s stock price has dropped by -5.64% or -$1.69, and marked a new high 6 times. However, the stock has declined by -15.52% since its 52-week high.
CNP stock investors should be aware that CenterPoint Energy Inc. (CNP) stock had its last reported insider trading activity 138 days ago on May 08. Smitherman Barry T, the Director of the company, disposed of 5,000 shares for $30.51 on May 08. It resulted in a $152,548 divestment by the insider. Pound Ted sold 2,770 shares at an average price of $30.50 on May 05. The insider now owns 46,541 shares following the transaction. On Nov 07, Director Smitherman Barry T bought 8,005 shares at $28.38 apiece. The transaction was valued at $227,167.
Valuation Metrics
Right now, CenterPoint Energy Inc. (CNP) has a P/E ratio of about 24.52. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 1.86.
The latest dividend of $0.19 per share was paid out, remained unchanged from last year’s $0.19. On Thursday December 15 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, CenterPoint Energy Inc.’s quick ratio stood at 0.70, 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 June 29 was 1.67, and the total debt-to-equity ratio was 1.77. In the year ended June 29, EBITDA margin amounted to 30.63%, whereas operating margins totaled 17.80%. Based on annual data, CNP earned $1.57 billion in gross profit and brought in $9.32 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 5.60%. Return on equity (ROE) for the past 12 months was 7.80%.
In CenterPoint Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $16.03 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNP’s revenue fell -3.68% to $2.78 billion during the quarter, while net income inched up to $1.88 billion. While analysts expected CenterPoint Energy Inc. to report $0.27 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 3.70%. During the quarter, the company generated $729.0 million in EBITDA. The liabilities of CenterPoint Energy Inc. were 27.73 billion at the end of its most recent quarter ended June 29, and its total debt was $16.98 billion. The value of shareholders’ equity is $631.18 million.
Technical Picture
This quick technical analysis looks at CenterPoint Energy Inc.’s (CNP) price momentum. With a historical volatility rate of 12.97%, the RSI 9-day stood at 43.53% on 22 September.
With respect to its five-day moving average, the current CenterPoint Energy Inc. price is down by -2.68% percent or -$0.78. At present, CNP shares trade +1.62% above its 20-day simple moving average and -7.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.00% below its SMA50 and -7.06% below its SMA200.
Stochastic coefficient K was 63.15% and Stochastic coefficient D was 74.28%, while ATR was 0.40. Given the Stochastic reading of 53.63% for the 14-day period, the RSI (14) reading has been calculated as 45.61%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at 0.08.
Analyst Ratings
Barclays launched its rating on CenterPoint Energy Inc. (NYSE: CNP) to an Underweight in a note to investors on August 23, 2023. CenterPoint Energy Inc. (CNP) has been rated Overweight by analysts. According to 1 brokerage firm, CNP is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CenterPoint Energy Inc. stock as buy, with 10 recommending it as overweight.
