Centerpoint Energy Inc. (NYSE: CNP) closed the day trading at $27.23 down -1.34% from the previous closing price of $27.60. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 5757642 shares were traded.
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Ratios:
For a better understanding of CNP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 1.99 whereas as Long-Term Debt/Eq ratio is at 1.82.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 23, 2024, Downgraded its rating to In-line and sets its target price to $30 from $29 previously.
On October 05, 2023, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $29.
On August 23, 2023, Barclays started tracking the stock assigning a Underweight rating and target price of $28.Barclays initiated its Underweight rating on August 23, 2023, with a $28 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 29 ’23 when Foster Christopher A bought 5,000 shares for $28.10 per share. The transaction valued at 140,496 led to the insider holds 147,693 shares of the business.
LESAR DAVID J bought 37,000 shares of CNP for $1,003,440 on Nov 13 ’23. The CEO now owns 37,000 shares after completing the transaction at $27.12 per share. On Nov 09 ’23, another insider, Wells Jason P., who serves as the President & COO of the company, bought 10,000 shares for $26.91 each. As a result, the insider paid 269,050 and bolstered with 55,560 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNP now has a Market Capitalization of 17.24B and an Enterprise Value of 35.23B. As of this moment, Centerpoint’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.87, and their Forward P/E ratio for the next fiscal year is 15.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 4.05 whereas that against EBITDA is 11.05.
Stock Price History:
Over the past 52 weeks, CNP has reached a high of $31.43, while it has fallen to a 52-week low of $25.42. The 50-Day Moving Average of the stock is 27.81, while the 200-Day Moving Average is calculated to be 28.30.
Shares Statistics:
Over the past 3-months, CNP traded about 4.01M shares per day on average, while over the past 10 days, CNP traded about 5.08M shares per day. A total of 631.23M shares are outstanding, with a floating share count of 629.70M. Insiders hold about 0.30% of the company’s shares, while institutions hold 92.50% stake in the company. Shares short for CNP as of Feb 29, 2024 were 11.99M with a Short Ratio of 2.99, compared to 12.92M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.90% and a Short% of Float of 2.54%.
Dividends & Splits
CNP’s forward annual dividend rate is 0.78, up from 0.77 a year ago. Against a Trailing Annual Dividend Yield of 2.79%, it implies a Forward Annual Dividend Yield of 2.94%. The stock’s 5-year Average Dividend Yield is 3.25.
Earnings Estimates
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.6 and a low estimate of $0.35, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.32, with high estimates of $0.46 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.64 and $1.6 for the fiscal current year, implying an average EPS of $1.62. EPS for the following year is $1.74, with 17 analysts recommending between $1.76 and $1.71.
Revenue Estimates
5 analysts predict $2.65B in revenue for the current quarter. It ranges from a high estimate of $2.91B to a low estimate of $2.32B. As of the current estimate, Centerpoint Energy Inc.’s year-ago sales were $2.78B, an estimated decrease of -4.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.9B, an increase of 2.80% over than the figure of -$4.60% in the same quarter last year. There is a high estimate of $2.12B for the next quarter, whereas the lowest estimate is $1.64B.
A total of 13 analysts have provided revenue estimates for CNP’s current fiscal year. The highest revenue estimate was $10.04B, while the lowest revenue estimate was $7.72B, resulting in an average revenue estimate of $9.31B. In the same quarter a year ago, actual revenue was $8.7B, up 7.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $9.64B in the next fiscal year. The high estimate is $10.63B and the low estimate is $8.28B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.
