In recent trading session, CenterPoint Energy Inc. (NYSE:CNP) saw 1.94 million shares changing hands at last check today with its beta currently measuring 0.97. Company’s recent per share price level of $27.52 trading at $0.1 or 0.38% at last check today assigns it a market valuation of $17.24B. That most recent trading price of CNP’s stock is at a discount of -3.05% from its 52-week high price of $28.36 and is indicating a premium of 29.83% from its 52-week low price of $19.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.18 million shares which gives us an average trading volume of 4.21 million if we extend that period to 3-months.
For CenterPoint Energy Inc. (CNP), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 12 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.3 in the current quarter.
CenterPoint Energy Inc. (NYSE:CNP) trade information
Upright in the green today for gaining 0.38%, in the last five days CNP remained trading in the green while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $27.52 price level, adding 1.5% to its value on the day. CenterPoint Energy Inc.’s shares saw a change of -1.76% in year-to-date performance and have moved 0.11% in past 5-day. CenterPoint Energy Inc. (NYSE:CNP) showed a performance of -2.07% in past 30-days. Number of shares sold short was 14.73 million shares which calculate 3.96 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $29.33 to the stock, which implies a rise of 6.17% to its recent value today. Analysts have been projecting $26.00 as a low price target for the stock while placing it at a high target of $31.00. It follows that stock’s current price would drop -12.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 5.52% for stock’s current value.
CenterPoint Energy Inc. (CNP) estimates and forecasts
Statistics highlight that CenterPoint Energy Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 8.29% of value to its shares in past 6 months, showing an annual growth rate of 10.71% while that of industry is 3.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 3.40% in the current quarter and calculating -15.30% decrease in the next quarter. This year revenue growth is estimated to rise 7.20% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.06 billion for the same. And 3 analysts are in estimates of company making revenue of $2.58 billion in the next quarter that will end on Mar 2022. Company posted $2.05 billion and $2.55 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 0.10% while estimating it to be 1.30% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.10% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -229.10% while estimates for its earnings growth in next 5 years are of 1.80%.
CenterPoint Energy Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.48%, the share has a forward dividend of 0.68 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.85%.
CenterPoint Energy Inc. (NYSE:CNP)’s Major holders
Insiders are in possession of 0.23% of company’s total shares while institution are holding 93.57 percent of that, with stock having share float percentage of 93.78%. Investors also watch the number of corporate investors in a company very closely, which is 93.57% institutions for CenterPoint Energy Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at CNP for having 70.21 million shares of worth $1.73 billion. And as of Sep 29, 2021, it was holding 11.17% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 55.86 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.88% of outstanding shares, having a total worth of $1.37 billion.
On the other hand, American Mutual Fund Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 41.79 million shares of worth $1.09 billion or 6.65% of the total outstanding shares. The later fund manager was in possession of 17.37 million shares on Sep 29, 2021, making its stake of worth around $427.42 million in the company or a holder of 2.76% of company’s stock.