In Thursday’s Wall Street session, Centerpoint Energy Inc (NYSE:CNP) shares traded at $33.73, down -1.06% from the previous session.
CNP stock price is now 4.70% away from the 50-day moving average and 12.24% away from the 200-day moving average. The market capitalization of the company currently stands at $21.98B.
On December 12, 2024, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $34.50, while ‘UBS’ rates the stock as ‘Buy’
In other news, Smitherman Barry T, Director bought 21,203 shares of the company’s stock on Jan 10 ’25. The stock was bought for $678,496 at an average price of $32.00. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director Smitherman Barry T sold 5,670 shares of the business’s stock. A total of $166,811 was realized by selling the stock at an average price of $29.42. This leaves the insider owning 21,203 shares of the company worth $0.72 million. A total of 0.47% of the company’s stock is owned by insiders.
During the past 12 months, Centerpoint Energy Inc has had a low of $25.41 and a high of $34.17. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 1.08, and a quick ratio of 0.91.
The net profit margin was 11.79% and return on equity was 10.02% for CNP. The company reported revenue of $2.26 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.67 percent.
