Make Sure You Stick With Centerpoint Energy Inc. (CNP). It’s Bull Time Again

After Hours

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Stocks Info

Centerpoint Energy Inc. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of Centerpoint Energy Inc. is $19.40B. A total of 1.49 million shares were traded on the day, compared to an average of 4.77M shares.

In the most recent transaction, Smitherman Barry T sold 5,670 shares of CNP for 29.42 per share on May 03 ’24. After the transaction, the Director now owns 21,203 company shares. In a previous transaction on Nov 29 ’23, Foster Christopher A bought 5,000 shares at 28.10 per share. CNP shares that EVP and CFO owns now total 147,693.

Among the insiders who bought shares, LESAR DAVID J acquired of 37,000 shares on Nov 13 ’23 at a per-share price of $27.12. This resulted in the CEO holding 37,000 shares of CNP after the transaction. In another insider transaction, Wells Jason P. bought 10,000 shares at $26.91 per share on Nov 09 ’23. Company shares held by the President & COO now total 55,560.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Centerpoint Energy Inc. pays an annual dividend of $0.79, resulting in a dividend yield of 2.60%, and it has a price to earnings (P/E) ratio of 21.24. CNP’s most recent ex-dividend date was 5/15/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 6/13/2024. Previously, the company paid the dividend on 3/14/2024 with an ex-dividend date of 2/14/2024. The CNP stock dividend was $0.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CNP has a high of $31.57 and a low of $25.42.

As of this writing, CNP has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.29. The company reported an EPS of $0.28 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CNP’s latest balance sheet shows that the firm has $1.67B in Cash & Short Term Investments as of fiscal 2021. There were $16.10B in debt and $4.29B in liabilities at the time. Its Book Value Per Share was $15.79, while its Total Shareholder’s Equity was $9.42B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNP is Buy with a score of 3.86.

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