The Latest Correction Seems To Be Justified? CenterPoint Energy, Inc. (CNP)

Prochazka Scott M, President & CEO, subtracted 7,000 shares of CenterPoint Energy, Inc. (CNP) from its portfolio at the rate of $29.03 per share valuing $203,210 on Aug 01. The insider left behind 423,269 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of CenterPoint Energy, Inc. (CNP) was $27.57. Currently, the 1st Resistance Point for this stock is $27.86, with a 2nd Resistance Point sitting at $28.16. Meanwhile, this company’s stock has a 1st Support Level at $27.35 and a 2nd Support Level at $27.14. CenterPoint Energy, Inc. (CNP) stock has lost -$0.26, or -0.93%, in the past five days. In the last full month, these shares have lost -$1.42, or -4.90%. In the past three months, this stock’s price has fallen by -$1.85, or -6.29%. This year-to-date, CenterPoint Energy, Inc. (CNP) shares have lost -$0.66, or -2.34%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For CenterPoint Energy, Inc. (CNP) stock, 100% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .”

With 502,219 K shares outstanding, this company currently has a market capitalization of $13,811,022K. CenterPoint Energy, Inc. (CNP) generates $10,589 M in annual sales, amounting to annual net income of $368,000 K. This stock has generated a 1-Year Total Return of -1.36%, a 3-Year Total Return of 20.76%, and a 5-year Total Return of 12.44%. This stock’s 5-Year Dividend Growth is 33.73%, with its most recent dividend valued at $0.287 per share on 08/14/19. Its Annual Dividend Yield is 4.18%, and its Annual Dividend Rate is 1.15.

In the most recently-reported fiscal quarter, which ended in Jun-19, CenterPoint Energy, Inc. (CNP) reported earnings of $0.35 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.31 per share, representing a 0.04 difference and 14.57% surprise. In the previous quarter ending in Mar-19, the reported earnings of $0.46 represented a -0.08 difference from the consensus estimate calling for $0.54 per share, which was a 14.15% surprise.

For the current fiscal quarter, which is set to end in 09/2019, the average earnings estimate is $0.44 per share. This estimate came from a total of 6 Wall Street Analysts. Of those market experts, the high estimate was $0.50 and the low estimate was $0.42. In the year-ago quarter, CenterPoint Energy, Inc. (CNP) generated per-share earnings of $0.39. If the analysts are correct about the current quarter’s earnings, the growth will be +12.82%.

Turning our focus now to insider trading activity, there have been 1 purchases (3,183 shares in total) and 2 sale (19,780 shares in total) in the last 3 months. In the last 6 months, there have been 25 insider buys amounting to 390,821 shares and 20 insider sales amounting to 239,258 shares. In the past full year, 25 insider purchases were made (involving 390,821 shares) and 20 insider sell-offs equivalent to 239,258 shares.

Moving onto liquidity, CenterPoint Energy, Inc. (CNP) has a Current Ratio of 2.13, a Quick Ratio of 2.01 and a Cash Ratio of 1.46. Looking at this company’s capital structure, its Total Debt to Total Equity is 113.73, its Total Debt to Total Capital is 53.21, and its Total Debt to Total Assets is now 33.10. Looking even further ahead into the future, its Long-Term Debt to Equity is 137.42 and its Long-Term Debt to Total Capital is 50.41.