CenterPoint Energy Inc. [CNP] is 10.03% higher this YTD. Is it still time to buy?

CenterPoint Energy Inc. [NYSE: CNP] plunged by -$0.18 during the normal trading session on Tuesday and reaching a high of $24.025 during the day while it closed the day at $23.81. The company report on April 24, 2021 that CenterPoint Energy reports 2021 annual shareholder meeting results.

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CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2021 annual meeting held. Shareholders approved the following proposals:.

The election of Leslie D. Biddle, Milton Carroll, Wendy Montoya Cloonan, Earl M. Cummings, David J. Lesar, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith and Barry T. Smitherman to serve on the company’s Board of Directors for one-year terms;.

CenterPoint Energy Inc. stock has also loss -1.73% of its value over the past 7 days. However, CNP stock has inclined by 8.47% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.11% and gained 10.03% year-on date.

The market cap for CNP stock reached $13.15 billion, with 549.00 million shares outstanding and 543.19 million shares in the current float. Compared to the average trading volume of 5.03M shares, CNP reached a trading volume of 8489821 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CenterPoint Energy Inc. [CNP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNP shares is $25.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNP stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for CenterPoint Energy Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on February 26, 2021. The new note on the price target was released on January 21, 2021, representing the official price target for CenterPoint Energy Inc. stock. Previously, the target price had yet another raise from $26 to $27, while Goldman kept a Buy rating on CNP stock. On January 06, 2021, analysts decreased their price target for CNP shares from 25 to 24.

The Average True Range (ATR) for CenterPoint Energy Inc. is set at 0.44, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 2.18, with the Price to Cash per share for the same quarter was set at 1.84.

CNP stock trade performance evaluation

CenterPoint Energy Inc. [CNP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.73. With this latest performance, CNP shares gained by 8.38% in over the last four-week period, additionally plugging by 7.11% over the last 6 months – not to mention a rise of 37.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNP stock in for the last two-week period is set at 60.51, with the RSI for the last a single of trading hit 55.91, and the three-weeks RSI is set at 60.73 for CenterPoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 22.17, while it was recorded at 24.08 for the last single week of trading, and 21.33 for the last 200 days.

CenterPoint Energy Inc. [CNP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CenterPoint Energy Inc. [CNP] shares currently have an operating margin of +16.50 and a Gross Margin at +23.46. CenterPoint Energy Inc.’s Net Margin is presently recorded at -7.97.

Return on Total Capital for CNP is now 5.29, given the latest momentum, and Return on Invested Capital for the company is -2.78. Return on Equity for this stock declined to -7.07, with Return on Assets sitting at -1.67. When it comes to the capital structure of this company, CenterPoint Energy Inc. [CNP] has a Total Debt to Total Equity ratio set at 172.80. Additionally, CNP Total Debt to Total Capital is recorded at 63.34, with Total Debt to Total Assets ending up at 41.96. Long-Term Debt to Equity for the company is recorded at 192.93, with the Long-Term Debt to Total Capital now at 50.70.

Reflecting on the efficiency of the workforce at the company, CenterPoint Energy Inc. [CNP] managed to generate an average of -$45,518 per employee. Receivables Turnover for the company is 4.63 with a Total Asset Turnover recorded at a value of 0.21.CenterPoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings per share (EPS) analysis for CenterPoint Energy Inc. [CNP] stock

With the latest financial reports released by the company, CenterPoint Energy Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CenterPoint Energy Inc. go to 4.66%.

CenterPoint Energy Inc. [CNP]: Insider Ownership positions

There are presently around $12,321 million, in the hands of institutional investors. The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 64,911,895, which is approximately 0.272% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,312,610 shares of the stock with an approximate value of $1.03 billion in CNP stocks shares; and FMR LLC, currently with $747.92 million in CNP stock with ownership of nearly -2.463% of the company’s market capitalization.

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Positions in CenterPoint Energy Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 273 institutional holders increased their position in CenterPoint Energy Inc. [NYSE:CNP] by around 50,020,398 shares. Additionally, 229 investors decreased positions by around 46,072,022 shares, while 97 investors held positions by with 421,386,913 shares. The mentioned changes placed institutional holdings at 517,479,333 shares, according to the latest SEC report filing. CNP stock had 108 new institutional investments in for a total of 15,599,673 shares, while 51 institutional investors sold positions of 4,559,749 shares during the same period.

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