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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
