CenterPoint Energy Rises On Unusually High Volume (CNP)
CenterPoint Energy (NYSE:CNP) is trading at unusually high volume Wednesday with 6.1 million shares changing hands. It is currently at two times its average daily volume and trading up 73 cents (+3.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- CenterPoint Energy (NYSE: CNP) is trading at unusually high volume Wednesday with 6.1 million shares changing hands. It is currently at two times its average daily volume and trading up 73 cents (+3.5%) at $21.43 as of 2:10 p.m. ET.
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CenterPoint Energy has a market cap of $8.77 billion and is part of the utilities sector and utilities industry. Shares are up 7.5% year to date as of the close of trading on Tuesday. CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CenterPoint Energy Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.