How should investors evaluate Centerpoint Energy Inc. (NYSE:CNP)?

Stocks of Centerpoint Energy Inc. (NYSE:CNP) traded higher last session on Wall Street, down -0.36% to $27.39.

According to the data, Centerpoint Energy Inc. (NYSE:CNP) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $27.00, we find $30.00. Given the previous closing price of $27.49, this indicates a potential upside of 9.13 percent. CNP stock price is now -0.92% away from the 50-day moving average and -5.25% away from the 200-day moving average. The market capitalization of the company currently stands at $17.29B.

A total of 5 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $30.33 as their price target over the next twelve months.

With the price target maintained at $29, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Centerpoint Energy Inc. (NYSE: CNP).

In other news, Smitherman Barry T, Director sold 5,000 shares of the company’s stock on May 08. The stock was sold for $152,548 at an average price of $30.51. Upon completion of the transaction, the Director now directly owns 21,075 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Director Pound Ted sold 2,770 shares of the business’s stock. A total of $84,485 was realized by selling the stock at an average price of $30.50. This leaves the insider owning 46,541 shares of the company worth $1.27 million. Insiders disposed of 809,281 shares of company stock worth roughly $22.17 million over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $27.87 for Centerpoint Energy Inc. (NYSE: CNP). During the past 12 months, Centerpoint Energy Inc. has had a low of $25.42 and a high of $31.52. As of last week, the company has a debt-to-equity ratio of 1.97, a current ratio of 0.78, and a quick ratio of 0.57. The fifty day moving average price for CNP is $27.64 and a two-hundred day moving average price translates $28.89 for the stock.

The latest earnings results from Centerpoint Energy Inc. (NYSE: CNP) was released for Sep, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.27 by 0.01. This compares to $0.30 EPS in the same period last year. The net profit margin was 8.64% and return on equity was 8.78% for CNP. The company reported revenue of $1.86 billion for the quarter, compared to $1.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.26 percent. For the current quarter, analysts expect CNP to generate $2.09B in revenue.

Centerpoint Energy Inc.(CNP) Company Profile

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market. The Natural Gas segment engages in the intrastate natural gas sales, natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provision of home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. As of December 31, 2022, it served approximately 2,534,730 metered customers; owned 349 substations with transformer capacity of 78,956 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.

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