In the latest trading session,, 0.98 million Centerpoint Energy Inc (NYSE:CNP) shares changed hands as the company’s beta touched 0.57. With the company’s most recent per share price at $37.62 changed hands at -$0.14 or -0.37% at last look, the market valuation stands at $24.56B. CNP’s current price is a discount, trading about -4.49% off its 52-week high of $39.31. The share price had its 52-week low at $25.41, which suggests the last value was 32.46% up since then. When we look at Centerpoint Energy Inc’s average trading volume, we note the 10-day average is 4.48 million shares, with the 3-month average coming to 5.26 million.
Analysts gave the Centerpoint Energy Inc (CNP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CNP as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Centerpoint Energy Inc (NYSE:CNP) trade information
Instantly CNP was in red as seen in intraday trades today. With action 4.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 29.86%, with the 5-day performance at 4.24% in the green. However, in the 30-day time frame, Centerpoint Energy Inc (NYSE:CNP) is 3.72% up. Looking at the short shares, we see there were 28.91 million shares sold at short interest cover period of 5.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 5.95% from its recent market value. According to analyst projections, CNP’s forecast low is 40 with 40 as the target high. To hit the forecast high, the stock’s price needs a -6.33% plunge from its current level, while the stock would need to soar -6.33% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.47%. The 2025 estimates are for Centerpoint Energy Inc earnings to increase by 8.06%, but the outlook for the next 5-year period is at 8.27% per year.
CNP Dividends
Centerpoint Energy Inc is expected to release its next quarterly earnings report on 2025-Apr-24. The 2.26% annual yield figure for the share gives it an annual dividend of 0.85. It is important to note, however, that the 2.26% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.68 per year.
Centerpoint Energy Inc (NYSE:CNP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.42% of Centerpoint Energy Inc shares while 99.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.69%. There are 99.27% institutions holding the Centerpoint Energy Inc stock share, with CAPITAL INTERNATIONAL INVESTORS the top institutional holder. As of 2024-06-30, the company held 13.2112% of the shares, roughly 84.65 million CNP shares worth $2.62 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 12.1287% or 77.72 million shares worth $2.41 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were T. ROWE PRICE CAPITAL APPRECIATION Fd., INC.-T. Rowe Price Capital App and AMERICAN MUTUAL FUND . With 30.47 shares estimated at $1.14 billion under it, the former controlled 4.67% of total outstanding shares. On the other hand, AMERICAN MUTUAL FUND held about 4.22% of the shares, roughly 27.54 shares worth around $1.03 billion.
