Centerpoint Energy Inc (NYSE:CNP) shares traded 2.92% higher at $32.80 on Wall Street last session.
CNP stock price is now 4.26% away from the 50-day moving average and 11.02% away from the 200-day moving average. The market capitalization of the company currently stands at $21.38B.
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With the price target of $34.50, Ladenburg Thalmann recently initiated with Buy rating for Centerpoint Energy Inc (NYSE: CNP). On December 03, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $31 to quote $37, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Smitherman Barry T, Director bought 21,203 shares of the company’s stock on Jan 10 ’25. The stock was bought for $678,496 at an average price of $32.00. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director Smitherman Barry T sold 5,670 shares of the business’s stock. A total of $166,811 was realized by selling the stock at an average price of $29.42. This leaves the insider owning 21,203 shares of the company worth $0.7 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 $25.41 and a high of $33.00. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.11, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $40591654912, which is based on a 21.73 price-to-earnings ratio, a 2.82 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for CNP is $31.4586 and a two-hundred day moving average price translates $29.5452 for the stock.
The latest earnings results from Centerpoint Energy Inc (NYSE: CNP) was released for 2024-09-30. The net profit margin was 11.25% and return on equity was 9.57% for CNP. The company reported revenue of $1.86 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.22 percent.
