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Wednesday, February 1, 2023

Searching For Real Value In Market Debris At CenterPoint Energy Inc. (NYSE: CNP)

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 intact, with the stock’s consolidated last price rising by $0.42, or 1.39%, to $30.70. The CenterPoint Energy Inc. has recorded 162,024 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter 2022 Earnings Conference Call.

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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 $30.28 and fluctuated between $30.39 as its day high and $29.98 as its day low. The current market capitalization of CenterPoint Energy Inc. is $18.92B. A total of 2.77 million shares were traded on the day, compared to an average of 3.61M 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 2 BUY and 1 SELL insider trades, representing the acquisition of 53,565 and the disposition of 45,560 shares. Over the last 12 months, there were 24 BUYs and 14 SELLs from insiders. Insiders purchased 682,624 shares during that period but sold 89,449.

In the most recent transaction, Smitherman Barry T bought 8,005 shares of CNP for 28.38 per share on Nov 07. After the transaction, the Director now owns 20,534 company shares. In a previous transaction on May 05, Smitherman Barry T sold 16,347 shares at 31.23 per share. CNP shares that Director owns now total 12,529.

Among the insiders who sold shares, Smitherman Barry T disposed of 2,000 shares on Mar 09 at a per-share price of $28.67. This resulted in the Director holding 23,747 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 $0.76, resulting in a dividend yield of 2.51%, and it has a price to earnings (P/E) ratio of 21.00. CNP’s most recent ex-dividend date was when it declared a $0.19 quarterly dividend that was paid in cash on 3/9/2023. Previously, the company paid the dividend on 3/9/2023 with an ex-dividend date of 2/15/2023. The CNP stock dividend was $0.19 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 $32.08 with high estimates of $35.00 and low estimates of $29.00. In terms of 52-week highs and lows, CNP has a high of $33.50 and a low of $25.03.

As of this writing, CNP has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.24. The company reported an EPS of $0.47 in the last quarter, which was -2.10% lower than expectations of $0.48.

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, 15 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 4.29. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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