CenterPoint Energy Inc. [CNP] Revenue clocked in at $7.80 billion, up 14.14% YTD: What’s Next?

CenterPoint Energy Inc. [NYSE: CNP] traded at a low on 05/18/21, posting a -1.32 loss after which it closed the day’ session at $24.70. The company report on May 10, 2021 that CenterPoint Energy Chooses EFI to Expand Customer Savings and Engagement With Utility Marketplace and Instant Rebate Programs in Indiana.

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CenterPoint Energy is partnering with utility marketplace leader, Energy Federation, Inc, (EFI) to launch a new energy efficient product, educational marketplace, and instant rebate program in Indiana. The program will provide new and innovative ways to reach utility customers while increasing savings and improving overall engagement. EFI was selected as the technology provider to implement the new energy efficiency programs in Indiana, while continuing to service and enhance the existing programs in Arkansas, Minnesota, Mississippi and Oklahoma.

“We’re always looking to provide countless avenues for our customers to use energy more efficiently while saving money. With the addition of the Indiana marketplace, we are able to meet customers where they are, whether that’s going into a physical store or purchasing equipment online,” said Rina Harris, Director, Energy Solutions and Business Services. “We have a strong focus on improving programs and service offerings so that we can reach all customers, and we are thrilled to embark on this new partnership with EFI as it will be very beneficial for our customers.”.

The results of the trading session contributed to over 10299898 shares changing hands. Over the past one week, the price volatility of CenterPoint Energy Inc. stands at 2.49% while the volatility over the past one month is 2.07%.

The market cap for CNP stock reached $14.02 billion, with 552.00 million shares outstanding and 550.08 million shares in the current float. Compared to the average trading volume of 5.79M shares, CNP reached a trading volume of 10299898 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $26.38 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 0.51, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 1.75.

How has CNP stock performed recently?

CenterPoint Energy Inc. [CNP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.09. With this latest performance, CNP shares gained by 3.87% in over the last four-week period, additionally plugging by 1.86% over the last 6 months – not to mention a rise of 41.22% 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 59.28, with the RSI for the last a single of trading hit 57.76, and the three-weeks RSI is set at 59.96 for CenterPoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 23.34, while it was recorded at 24.57 for the last single week of trading, and 21.70 for the last 200 days.

CenterPoint Energy Inc. [CNP]: Deeper insight into the 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 0.70 and a Current Ratio set at 0.70.

Earnings analysis for CenterPoint Energy Inc. [CNP]

With the latest financial reports released by the company, CenterPoint Energy Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. 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 4.61%.

Insider trade positions for CenterPoint Energy Inc. [CNP]

There are presently around $13,033 million, or 93.70% of CNP stock, in the hands of institutional investors. The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 66,001,207, which is approximately 1.678% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 44,652,269 shares of the stock with an approximate value of $1.1 billion in CNP stocks shares; and FMR LLC, currently with $845.08 million in CNP stock with ownership of nearly 8.92% 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 262 institutional holders increased their position in CenterPoint Energy Inc. [NYSE:CNP] by around 42,875,760 shares. Additionally, 254 investors decreased positions by around 32,397,084 shares, while 101 investors held positions by with 452,371,112 shares. The mentioned changes placed institutional holdings at 527,643,956 shares, according to the latest SEC report filing. CNP stock had 71 new institutional investments in for a total of 8,941,449 shares, while 84 institutional investors sold positions of 7,058,479 shares during the same period.

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