After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted CenterPoint Energy Announces 2024 Annual Meeting of Shareholders.
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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 $17.80B. A total of 4.34 million shares were traded on the day, compared to an average of 3.91M shares.
In the most recent transaction, Foster Christopher A bought 5,000 shares of CNP for 28.10 per share on Nov 29 ’23. After the transaction, the EVP and CFO now owns 147,693 company shares. In a previous transaction on Nov 13 ’23, LESAR DAVID J bought 37,000 shares at 27.12 per share. CNP shares that CEO owns now total 37,000.
Among the insiders who bought shares, Wells Jason P. acquired of 10,000 shares on Nov 09 ’23 at a per-share price of $26.91. This resulted in the President & COO holding 55,560 shares of CNP after the transaction. In another insider transaction, Smitherman Barry T sold 5,000 shares at $30.51 per share on May 08 ’23. Company shares held by the Director now total 21,075.
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 $0.78, resulting in a dividend yield of 2.77%, and it has a price to earnings (P/E) ratio of 20.56. CNP’s most recent ex-dividend date was 2/14/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/15/2023. 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 $31.43 and a low of $25.42.
As of this writing, CNP has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.35. The company reported an EPS of $0.4 in the last quarter, which was 14.30% higher than expectations of $0.35.
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 $15.31, 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 4.00.
