Centerpoint Energy Inc. (NYSE: CNP) kicked off on November 20, 2023, at the price of $27.69, down -0.76% from the previous trading day. During the day, the shares moved up to $27.745 and dropped to $27.36 before settling in for the closing price of $27.80. Over the past 52 weeks, CNP has traded in a range of $25.42-$31.52.
Annual sales at Utilities sector company grew by 1.35% over the past five years. While this was happening, its average annual earnings per share was recorded 8.67%. With a float of $629.49 million, this company’s outstanding shares have now reached $629.54 million.
Let’s look at the performance matrix of the company that is accounted for 12455 employees. In terms of profitability, gross margin is +22.63, operating margin of +16.80, and the pretax margin is +15.20.
Centerpoint Energy Inc. (CNP) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Centerpoint Energy Inc. is 0.27%, while institutional ownership is 91.52%. The most recent insider transaction that took place on Nov 13, was worth 1,003,440. In this transaction CEO of this company bought 37,000 shares at a rate of $27.12, taking the stock ownership to the 37,000 shares. Before that another transaction happened on Nov 09, when Company’s President & COO bought 10,000 for $26.91, making the entire transaction worth $269,050. This insider now owns 55,560 shares in total.
Centerpoint Energy Inc. (CNP) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.4 earnings per share (EPS), higher than consensus estimate (set at $0.35) by $0.05. This company achieved a net margin of +11.34 while generating a return on equity of 10.86. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.07% during the next five years compared to -17.32% drop over the previous five years of trading.
Centerpoint Energy Inc. (NYSE: CNP) Trading Performance Indicators
Take a look at Centerpoint Energy Inc.’s (CNP) current performance indicators. Last quarter, stock had a quick ratio of 0.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.26, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.62 in one year’s time.
Technical Analysis of Centerpoint Energy Inc. (CNP)
Centerpoint Energy Inc. (NYSE: CNP) saw its 5-day average volume 4.22 million, a positive change from its year-to-date volume of 4.09 million. As of the previous 9 days, the stock’s Stochastic %D was 82.25%. Additionally, its Average True Range was 0.53.
During the past 100 days, Centerpoint Energy Inc.’s (CNP) raw stochastic average was set at 36.08%, which indicates a significant decrease from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.20% in the past 14 days, which was higher than the 19.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.49, while its 200-day Moving Average is $28.75. Nevertheless, the first resistance level for the watch stands at $27.77 in the near term. At $27.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.16. If the price goes on to break the first support level at $27.39, it is likely to go to the next support level at $27.18. The third support level lies at $27.00 if the price breaches the second support level.
Centerpoint Energy Inc. (NYSE: CNP) Key Stats
The company with the Market Capitalisation of 17.42 billion has total of 631,224K Shares Outstanding. Its annual sales at the moment are 9,321 M in contrast with the sum of 1,057 M annual income. Company’s last quarter sales were recorded 1,860 M and last quarter income was 282,000 K.