CenterPoint Energy Inc. [CNP] Is Currently 0.16 below its 200 Period Moving Avg: What Does This Mean?


CenterPoint Energy Inc. [NYSE: CNP] gained 0.16% or 0.05 points to close at $30.55 with a heavy trading volume of 4017802 shares. The company report on July 21, 2022 that CenterPoint Energy declares an increase to the regular Common Stock quarterly dividend to $0.1800 and Series A Preferred Stock dividend of $30.6250.

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

It opened the trading session at $30.50, the shares rose to $30.81 and dropped to $30.36, the range by which the price of stock traded the whole day. The daily chart for CNP points out that the company has recorded 11.99% gains over the past six months. However, it is still -25.57% lower than its most recent low trading price.

If we look at the average trading volume of 4.56M shares, CNP reached to a volume of 4017802 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 $32.62 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 1.90. 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.

Credit Suisse have made an estimate for CenterPoint Energy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on February 17, 2022, representing the official price target for CenterPoint Energy Inc. stock. Previously, the target price had yet another drop from $31 to $30, while Goldman kept a Neutral rating on CNP stock. On January 10, 2022, analysts increased their price target for CNP shares from 27 to 31.

The Average True Range (ATR) for CenterPoint Energy Inc. is set at 0.59, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 2.10, with the Price to Cash per share for the same quarter was set at 1.36.

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 3.98. With this latest performance, CNP shares gained by 5.38% in over the last four-week period, additionally plugging by 11.99% over the last 6 months – not to mention a rise of 18.92% 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 60.92, with the RSI for the last a single of trading hit 68.62, and the three-weeks RSI is set at 56.56 for CenterPoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 29.96, while it was recorded at 30.03 for the last single week of trading, and 28.69 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 +16.32 and a Gross Margin at +22.64. CenterPoint Energy Inc.’s Net Margin is presently recorded at +8.00.

Return on Equity for this stock inclined to 7.52, with Return on Assets sitting at 1.83.

CenterPoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

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 -0.40%.

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

There are presently around $17,138 million, or 91.90% of CNP stock, in the hands of institutional investors. The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 73,506,201, which is approximately 2.087% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 56,649,744 shares of the stock with an approximate value of $1.73 billion in CNP stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.45 billion in CNP stock with ownership of nearly 3.263% of the company’s market capitalization.

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 299 institutional holders increased their position in CenterPoint Energy Inc. [NYSE:CNP] by around 37,344,828 shares. Additionally, 266 investors decreased positions by around 51,588,458 shares, while 115 investors held positions by with 472,048,799 shares. The mentioned changes placed institutional holdings at 560,982,085 shares, according to the latest SEC report filing. CNP stock had 86 new institutional investments in for a total of 3,673,943 shares, while 60 institutional investors sold positions of 12,347,994 shares during the same period.