Centerpoint Energy Inc. (NYSE:CNP)’s traded shares stood at 3.75 million during the last session, with the company’s beta value hitting 0.92. At the close of trading, the stock’s price was $29.31, to imply a decrease of -0.58% or -$0.17 in intraday trading. The CNP share’s 52-week high remains $31.57, putting it -7.71% down since that peak but still an impressive 13.31% since price per share fell to its 52-week low of $25.41. The company has a valuation of $19.10B, with an average of 4.85 million shares in intraday trading volume over the past 10 days and average of 6.86 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Centerpoint Energy Inc. (CNP), translating to a mean rating of 2.65. Of 8 analyst(s) looking at the stock, 0 analyst(s) give CNP a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.31.
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Centerpoint Energy Inc. (NYSE:CNP) trade information
After registering a -0.58% downside in the last session, Centerpoint Energy Inc. (CNP) has traded red over the past five days. The 5-day price performance for the stock is -2.66%, and 1.28% over 30 days. With these gigs, the year-to-date price performance is 2.59%. Short interest in Centerpoint Energy Inc. (NYSE:CNP) saw shorts transact 12.49 million shares and set a 2.31 days time to cover.
The extremes give us $28 and $36 for target low and target high price respectively. As such, CNP has been trading -22.82% off suggested target high and 4.47% from its likely low.
Centerpoint Energy Inc. (CNP) estimates and forecasts
Looking at statistics comparing Centerpoint Energy Inc. share performance against respective industry, we note that the company has outperformed competitors. Centerpoint Energy Inc. (CNP) shares are 1.59% up over the last 6 months, with its year-to-date growth rate higher than industry average at 8.00% against 4.80%. Revenue is forecast to shrink -22.50% this quarter before jumping 21.90% for the next one. The rating firms project that company’s revenue will grow 4.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 1.93B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 2.36B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 13.22% for the past 5-year period. While 2024 is set for a 7.76% return in earnings, projections for the next 5 years are at 7.70% annually.
CNP Dividends
Centerpoint Energy Inc. has its next earnings report out on 2024-Oct-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Centerpoint Energy Inc. has a forward dividend ratio of 0.80, with the share yield ticking at 2.73% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.12%.
Centerpoint Energy Inc. (NYSE:CNP)’s Major holders
Centerpoint Energy Inc. insiders hold 0.33% of total outstanding shares, with institutional holders owning 101.38% of the shares at 101.72% float percentage. In total, 101.38% institutions holds shares in the company, led by CAPITAL INTERNATIONAL INVESTORS. As of 2024-06-30, the company held over 84.65 million shares (or 13.3894% of shares), all amounting to roughly $2.62 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 77.72 million shares, or about 12.2923% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.41 billion.
We also have American Mutual Fund Inc and Price (T.Rowe) Capital Appreciation Fund as the top two Mutual Funds with the largest holdings of the Centerpoint Energy Inc. (CNP) shares. Going by data provided on Sep 30, 2024 , American Mutual Fund Inc holds roughly 28.62 shares. This is just over 4.46% of the total shares, with a market valuation of $838.77 million. Data from the same date shows that the other fund manager holds a little less at 25.44, or 3.96% of the shares, all valued at about 745.55 million.
