Momentum Is Strong For Centerpoint Energy Inc. (NYSE: CNP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of Centerpoint Energy Inc. is $18.36B. A total of 3.05 million shares were traded on the day, compared to an average of 5.35M 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Centerpoint Energy Inc. pays an annual dividend of $0.79, resulting in a dividend yield of 2.75%, and it has a price to earnings (P/E) ratio of 20.10. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CNP has a high of $31.57 and a low of $25.42.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.79.

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