The stock of Centerpoint Energy Inc. (NYSE:CNP) last traded at $28.27, up 1.36% from the previous session.
Data from the available sources indicates that Centerpoint Energy Inc. (NYSE:CNP) is covered by 17 analysts. 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 $27.89, this indicates a potential upside of 7.57 percent. CNP stock price is now 3.28% away from the 50-day moving average and -1.52% away from the 200-day moving average. The market capitalization of the company currently stands at $17.84B.
In total, 5 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $30.27 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, Foster Christopher A, EVP and CFO bought 5,000 shares of the company’s stock on Nov 29. The stock was bought for $140,496 at an average price of $28.10. Upon completion of the transaction, the EVP and CFO now directly owns 147,693 shares in the company, valued at $4.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13, CEO LESAR DAVID J bought 37,000 shares of the business’s stock. A total of $1,003,440 was incurred on buying the stock at an average price of $27.12. This leaves the insider owning 37,000 shares of the company worth $1.05 million. Insiders disposed of 819,367 shares of company stock worth roughly $23.16 million over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.
With an opening price of $28.03 on Thursday morning, Centerpoint Energy Inc. (NYSE: CNP) set off the trading day. 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 $27.36 and a two-hundred day moving average price translates $28.70 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 $0.4, beating analysts’ expectations of $0.35 by 0.05. 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 $2.59B in revenue.
