In yesterday’s Wall Street session, Centerpoint Energy Inc (NYSE:CNP) shares traded at $32.88, up 1.80% from the previous session.
CNP stock price is now 2.88% away from the 50-day moving average and 10.51% away from the 200-day moving average. The market capitalization of the company currently stands at $21.43B.
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 $0.7 million. A total of 0.41% 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 $33.12. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.11, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $40265789440, which is based on a 21.79 price-to-earnings ratio, a 2.87 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for CNP is $31.9004 and a two-hundred day moving average price translates $29.726 for the stock.
The latest earnings results from Centerpoint Energy Inc (NYSE: CNP) was released for 2024-09-30. The net profit margin was 11.25% and return on equity was 9.57% for CNP. The company reported revenue of $1.86 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.22 percent.
