In yesterday’s Wall Street session, Centerpoint Energy Inc. (NYSE:CNP) shares traded at $30.06, down -1.15% from the previous session.
CNP stock price is now 5.02% away from the 50-day moving average and 6.82% away from the 200-day moving average. The market capitalization of the company currently stands at $19.23B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Smitherman Barry T, Director sold 5,670 shares of the company’s stock on May 03 ’24. The stock was sold for $166,811 at an average price of $29.42. Upon completion of the transaction, the Director now directly owns 21,203 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’23, EVP and CFO Foster Christopher A bought 5,000 shares of the business’s stock. A total of $140,496 was incurred on buying the stock at an average price of $28.10. This leaves the insider owning 147,693 shares of the company worth $4.44 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. According to the stock market information, the enterprise value for the company is $37732106240, which is based on a 21.05 price-to-earnings ratio, a 2.73 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for CNP is $28.6606 and a two-hundred day moving average price translates $28.1463 for the stock.
The latest earnings results from Centerpoint Energy Inc. (NYSE: CNP) was released for 2024-03-31. 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.
