In Tuesday’s Wall Street session, Centerpoint Energy Inc (NYSE:CNP) shares traded at $36.80, up 1.57% from the previous session.
CNP stock price is now 8.28% away from the 50-day moving average and 19.69% away from the 200-day moving average. The market capitalization of the company currently stands at $23.98B.
With the price target enhanced from $36 to $37, Evercore ISI Upgraded its rating from In-line to Outperform for Centerpoint Energy Inc (NYSE: CNP). , while ‘Ladenburg Thalmann’ rates the stock as ‘Buy’
In other news, Pound Ted, Director sold 6,103 shares of the company’s stock on Mar 03 ’25. The stock was sold for $210,554 at an average price of $34.50. Upon completion of the transaction, the Director now directly owns 46,803 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, SVP and CAO Colvin Kristie sold 16,357 shares of the business’s stock. A total of $557,855 was realized by selling the stock at an average price of $34.10. This leaves the insider owning 118,882 shares of the company worth $4.37 million. A total of 0.44% 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 $36.97. 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. According to the stock market information, the enterprise value for the company is $44367634432, which is based on a 23.22 price-to-earnings ratio, a 3.02 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for CNP is $33.9868 and a two-hundred day moving average price translates $30.74515 for the stock.
The latest earnings results from Centerpoint Energy Inc (NYSE: CNP) was released for 2024-12-31. 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.
