On Tuesday, Centerpoint Energy Inc (NYSE: CNP) opened higher 0.79% from the last session, before settling in for the closing price of $31.61. Price fluctuations for CNP have ranged from $25.41 to $33.00 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Utilities sector company grew by 4.63% over the past five years. Company’s average yearly earnings per share was noted 7.87% at the time writing. With a float of $649.08 million, this company’s outstanding shares have now reached $651.72 million.
Let’s look at the performance matrix of the company that is accounted for 12328 employees. In terms of profitability, gross margin is 35.75%, operating margin of 21.35%, and the pretax margin is 12.27%.
Centerpoint Energy Inc (CNP) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Centerpoint Energy Inc is 0.41%, while institutional ownership is 93.40%. The most recent insider transaction that took place on Jan 10 ’25, was worth 678,496. Before that another transaction happened on May 03 ’24, when Company’s Director sold 5,670 for $29.42, making the entire transaction worth $166,811. This insider now owns 21,203 shares in total.
Centerpoint Energy Inc (CNP) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.56 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.70% during the next five years compared to 13.22% growth over the previous five years of trading.
Centerpoint Energy Inc (NYSE: CNP) Trading Performance Indicators
Check out the current performance indicators for Centerpoint Energy Inc (CNP). In the past quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.51, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.74 in one year’s time.
Technical Analysis of Centerpoint Energy Inc (CNP)
Centerpoint Energy Inc (NYSE: CNP) saw its 5-day average volume 3.9 million, a positive change from its year-to-date volume of 3.89 million. As of the previous 9 days, the stock’s Stochastic %D was 53.23%. Additionally, its Average True Range was 0.65.
During the past 100 days, Centerpoint Energy Inc’s (CNP) raw stochastic average was set at 84.17%, which indicates a significant increase from 65.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.80% in the past 14 days, which was lower than the 18.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.33, while its 200-day Moving Average is $29.51. Nevertheless, the first resistance level for the watch stands at $32.03 in the near term. At $32.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.45. If the price goes on to break the first support level at $31.61, it is likely to go to the next support level at $31.37. Assuming the price breaks the second support level, the third support level stands at $31.19.
Centerpoint Energy Inc (NYSE: CNP) Key Stats
There are currently 651,727K shares outstanding in the company with a market cap of 20.76 billion. Presently, the company’s annual sales total 8,696 M according to its annual income of 917,000 K. Last quarter, the company’s sales amounted to 1,856 M and its income totaled 193,000 K.
