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Centerpoint Energy Inc. (NYSE: CNP) closed the day trading at $27.75 down -2.67% from the previous closing price of $28.51. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 11.12 million shares were traded. CNP stock price reached its highest trading level at $28.76 during the session, while it also had its lowest trading level at $27.69.
Ratios:
For a better understanding of CNP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.79.
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, Morgan Stanley on July 17, 2024, Downgraded its rating to Equal-Weight and sets its target price to $29 from $30 previously.
On January 23, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $29 to $30.
KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on October 05, 2023, while the target price for the stock was maintained at $29.
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 May 03 ’24 when Smitherman Barry T sold 5,670 shares for $29.42 per share. The transaction valued at 166,811 led to the insider holds 21,203 shares of the business.
Foster Christopher A bought 5,000 shares of CNP for $140,496 on Nov 29 ’23. The EVP and CFO now owns 147,693 shares after completing the transaction at $28.10 per share. On Nov 13 ’23, another insider, LESAR DAVID J, who serves as the CEO of the company, bought 37,000 shares for $27.12 each. As a result, the insider paid 1,003,440 and bolstered with 37,000 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 17814583296 and an Enterprise Value of 36865478656. As of this moment, Centerpoint’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.17, and their Forward P/E ratio for the next fiscal year is 15.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 4.303 whereas that against EBITDA is 11.467.
Stock Price History:
Over the past 52 weeks, CNP has reached a high of $31.57, while it has fallen to a 52-week low of $25.42. The 50-Day Moving Average of the stock is -7.51%, while the 200-Day Moving Average is calculated to be -3.02%.
Shares Statistics:
Over the past 3-months, CNP traded about 5.43M shares per day on average, while over the past 10 days, CNP traded about 5666450 shares per day. A total of 639.72M shares are outstanding, with a floating share count of 637.10M. Insiders hold about 0.41% of the company’s shares, while institutions hold 98.90% stake in the company. Shares short for CNP as of 1721001600 were 15202920 with a Short Ratio of 2.80, compared to 1718323200 on 16541119. Therefore, it implies a Short% of Shares Outstanding of 15202920 and a Short% of Float of 3.18.
Dividends & Splits
CNP’s forward annual dividend rate is 0.79, up from 0.79 a year ago. Against a Trailing Annual Dividend Yield of 0.027709575The stock’s 5-year Average Dividend Yield is 3.17.
