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Friday, December 2, 2022

Analyst Expects CenterPoint Energy Inc. (NYSE: CNP) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CenterPoint Energy Inc. (CNP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.47, or -1.45%, to $31.99. Volume reached 181,184 shares, with price reaching a high of $31.99 and a low of $31.99. Earlier, Yahoo Finance discussed this stock as it revealed CenterPoint Energy Reports Strong Second Quarter Results and Raises Full Year Earnings Guidance.

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Stocks Info

As a NYSE listed company, CNP falls under the Utilities sector while operating within the Utilities – Regulated Gas industry segment. At the end of the last regular session, the stock closed at $31.99 and fluctuated between $32.34 as its day high and $31.63 as its day low. The current market capitalization of CenterPoint Energy Inc. is $20.23B. A total of 3.49 million shares were traded on the day, compared to an average of 3.43M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CNP has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 19,096 and the disposition of 7,987 shares. Over the last 12 months, there were 23 BUYs and 15 SELLs from insiders. Insiders purchased 632,678 shares during that period but sold 63,178.

In the most recent transaction, Smitherman Barry T sold 16,347 shares of CNP for 31.23 per share on May 05. After the transaction, the Director now owns 12,529 company shares. In a previous transaction on Mar 09, Smitherman Barry T sold 2,000 shares at 28.67 per share. CNP shares that Director owns now total 23,747.

Among the insiders who sold shares, Smitherman Barry T disposed of 16,910 shares on Nov 08 at a per-share price of $26.50. This resulted in the Director holding 25,747 shares of CNP after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CenterPoint Energy Inc. pays an annual dividend of $0.72, resulting in a dividend yield of 2.25%, and it has a price to earnings (P/E) ratio of 23.66. CNP’s most recent ex-dividend date was 08/17/2022 when it declared a $0.18 quarterly dividend that was paid in cash on 09/08/2022. Previously, the company paid the dividend on 06/09/2022 with an ex-dividend date of 05/18/2022. The dividend was $0.17 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CNP in the last 3 months, the mean price target is $33.71 with high estimates of $37.00 and low estimates of $31.00. In terms of 52-week highs and lows, CNP has a high of $33.22 and a low of $24.33.

As of this writing, CNP has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.3. The company reported an EPS of $0.31 in the last quarter, which was 10.71% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

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, 19 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 Underweight with a score of 4.22. A total of 13 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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