In yesterday’s Wall Street session, Centerpoint Energy Inc. (NYSE:CNP) shares traded at $30.81, up 1.02% from the previous session.
CNP stock price is now 3.34% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $19.71B.
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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, 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 $0.65 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 $4.55 million. A total of 0.41% 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 $31.57. 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 $38211899392, which is based on a 21.57 price-to-earnings ratio, a 2.80 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for CNP is $29.8874 and a two-hundred day moving average price translates $28.41975 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.
