Stocks of Centerpoint Energy Inc. (NYSE:CNP) traded higher last session on Wall Street, up 0.62% to $29.32.
CNP stock price is now 4.41% away from the 50-day moving average and 4.08% away from the 200-day moving average. The market capitalization of the company currently stands at $18.56B.
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With the price target enhanced from $29 to $30, Evercore ISI Downgraded its rating from Outperform to In-line for Centerpoint Energy Inc. (NYSE: CNP). On October 05, 2023, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $29, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Foster Christopher A, EVP and CFO bought 5,000 shares of the company’s stock on Nov 29 ’23. The stock was bought for $140,496 at an average price of $28.10. Upon completion of the transaction, the EVP and CFO now directly owns 147,693 shares in the company, valued at $4.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’23, CEO LESAR DAVID J bought 37,000 shares of the business’s stock. A total of $1,003,440 was incurred on buying the stock at an average price of $27.12. This leaves the insider owning 37,000 shares of the company worth $1.08 million. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Centerpoint Energy Inc. has had a low of $25.42 and a high of $31.43. As of last week, the company has a debt-to-equity ratio of 1.97, a current ratio of 1.25, and a quick ratio of 1.06.
The net profit margin was 10.59% and return on equity was 9.26% for CNP. The company reported revenue of $2.62 billion for the quarter, compared to $2.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.72 percent.
