CenterPoint Energy Inc. [CNP] stock Upgrade by BofA Securities analyst, price target now $27

CenterPoint Energy Inc. [NYSE: CNP] loss -0.28% or -0.07 points to close at $25.17 with a heavy trading volume of 2825284 shares. The company report on July 22, 2021 that CenterPoint Energy declares regular Common Stock dividend of $0.1600, Series A Preferred Stock dividend of $30.6250 and Series B Preferred Stock dividend of $17.5000.

CenterPoint Energy, Inc.’s (NYSE: CNP) board of directors declared dividends on shares of its Common Stock, Series A Perpetual Preferred Stock and Series B Mandatory Convertible Preferred Stock.

Common Stock Dividend.

It opened the trading session at $25.37, the shares rose to $25.56 and dropped to $25.11, the range by which the price of stock traded the whole day. The daily chart for CNP points out that the company has recorded 17.18% gains over the past six months. However, it is still -36.79% lower than its most recent low trading price.

If we look at the average trading volume of 6.05M shares, CNP reached to a volume of 2825284 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $27.23 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.

BofA Securities have made an estimate for CenterPoint Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 24, 2021. The new note on the price target was released on February 26, 2021, representing the official price target for CenterPoint Energy Inc. stock. On January 15, 2021, analysts increased their price target for CNP shares from 26 to 27.

The Average True Range (ATR) for CenterPoint Energy Inc. is set at 0.49, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 1.73.

Trading performance analysis for CNP stock

CenterPoint Energy Inc. [CNP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.61. With this latest performance, CNP shares gained by 0.92% in over the last four-week period, additionally plugging by 17.18% over the last 6 months – not to mention a rise of 29.74% 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 51.87, with the RSI for the last a single of trading hit 51.96, and the three-weeks RSI is set at 52.37 for CenterPoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 25.04, while it was recorded at 25.24 for the last single week of trading, and 22.89 for the last 200 days.

CenterPoint Energy Inc. [CNP]: A deeper dive into fundamental analysis

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.

CenterPoint Energy Inc. [CNP]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at CenterPoint Energy Inc. [CNP]

There are presently around $13,252 million, or 92.60% 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 $1.12 billion in CNP stocks shares; and FMR LLC, currently with $861.16 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 August and at the time of the August reporting period, where 266 institutional holders increased their position in CenterPoint Energy Inc. [NYSE:CNP] by around 41,868,106 shares. Additionally, 248 investors decreased positions by around 31,841,686 shares, while 93 investors held positions by with 452,796,093 shares. The mentioned changes placed institutional holdings at 526,505,885 shares, according to the latest SEC report filing. CNP stock had 66 new institutional investments in for a total of 8,290,785 shares, while 73 institutional investors sold positions of 6,840,513 shares during the same period.

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