CenterPoint Energy, Inc. (CNP) is an interesting player in the Utilities space, with a focus on Gas Utilities. The stock has been active on the tape, currently trading at $27.07, up from yesterday’s close by 1.50%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
CenterPoint Energy, Inc. (CNP) currently trades with a market capitalization of $11.67 Billion. That value represents a market adjusting for revenues that have been growing by 26.77 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $292 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.43 on a per share basis this quarter. Perhaps, that suggests something about why 0.91% of the outstanding share supply is held by institutional investors.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, CenterPoint Energy, Inc. recorded a 52-week high of $30.45. It is now trading 3.38% off that level. The stock is trading $26.91 its 50-day moving average by -0.16%. The stock carved out a 52-week low down at $25.84.
In recent action, CenterPoint Energy, Inc. (CNP) has made a move of -0.29% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.85% with $430.53 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CNP.