Centerpoint Energy Inc. [CNP] Stock trading around $29.25 per share: What’s Next?

Centerpoint Energy Inc. [NYSE: CNP] traded at a high on 01/10/24, posting a 0.07 gain after which it closed the day’ session at $29.25. The company report on December 14, 2023 at 4:30 PM that CenterPoint Energy declares regular Common Stock dividend of $0.2000.

CenterPoint Energy, Inc.’s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2000 per share on the issued and outstanding shares of Common Stock payable on March 14, 2024 to shareholders of record at the close of business on February 15, 2024.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

About CenterPoint Energy, Inc.As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of September 30, 2023, the company owned approximately $39 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

The results of the trading session contributed to over 4118464 shares changing hands. Over the past one week, the price volatility of Centerpoint Energy Inc. stands at 1.16% while the volatility over the past one month is 1.62%.

The market cap for CNP stock reached $18.46 billion, with 631.22 million shares outstanding and 629.67 million shares in the current float. Compared to the average trading volume of 4.52M shares, CNP reached a trading volume of 4118464 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 $30.33 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 1.88. 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.

KeyBanc Capital Markets have made an estimate for Centerpoint Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 05, 2023.

The Average True Range (ATR) for Centerpoint Energy Inc. is set at 0.43, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 1.12.

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 0.41. With this latest performance, CNP shares gained by 1.67% in over the last four-week period, additionally sinking by -3.66% over the last 6 months – not to mention a drop of -4.00% 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 58.93, with the RSI for the last a single of trading hit 60.76, and the three-weeks RSI is set at 57.67 for Centerpoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 28.24, while it was recorded at 29.24 for the last single week of trading, and 28.77 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 +16.80 and a Gross Margin at +22.63. Centerpoint Energy Inc.’s Net Margin is presently recorded at +11.34.

Return on Total Capital for CNP is now 5.81, given the latest momentum, and Return on Invested Capital for the company is 4.24. Return on Equity for this stock inclined to 10.86, with Return on Assets sitting at 2.72. When it comes to the capital structure of this company, Centerpoint Energy Inc. [CNP] has a Total Debt to Total Equity ratio set at 173.80. Additionally, CNP Total Debt to Total Capital is recorded at 63.48, with Total Debt to Total Assets ending up at 44.45. Long-Term Debt to Equity for the company is recorded at 160.51, with the Long-Term Debt to Total Capital now at 54.01.

Reflecting on the efficiency of the workforce at the company, Centerpoint Energy Inc. [CNP] managed to generate an average of $84,866 per employee. Receivables Turnover for the company is 6.48 with a Total Asset Turnover recorded at a value of 0.24.Centerpoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 0.78.

Earnings analysis for Centerpoint Energy Inc. [CNP]

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 -1.07%.

Insider trade positions for Centerpoint Energy Inc. [CNP]

The top three institutional holders of CNP stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CNP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CNP stock with ownership which is approximately 5.8325%.