Stocks of Centerpoint Energy Inc. (NYSE:CNP) traded higher last session on Wall Street, down -0.48% to $28.88.
CNP stock price is now -3.95% away from the 50-day moving average and 1.05% away from the 200-day moving average. The market capitalization of the company currently stands at $18.48B.
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With the price target reduced from $30 to $29, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Centerpoint Energy Inc. (NYSE: CNP). On January 23, 2024, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock increasing its target price from $29 to quote $30, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
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 $0.61 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 $4.27 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 $36977233920, which is based on a 20.22 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for CNP is $30.0506 and a two-hundred day moving average price translates $28.59035 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.
