Is CenterPoint Energy a good stock to buy?
CenterPoint Energy has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Is CNP stock a buy?
Out of 9 analysts, 4 (44.44%) are recommending CNP as a Strong Buy, 2 (22.22%) are recommending CNP as a Buy, 3 (33.33%) are recommending CNP as a Hold, 0 (0%) are recommending CNP as a Sell, and 0 (0%) are recommending CNP as a Strong Sell. What is CNP's earnings growth forecast for 2022-2024?
Is CenterPoint publicly traded?
The company's regulated energy delivery businesses are owned by a new holding company, CenterPoint Energy, Inc. CenterPoint Energy's shares began trading under its new stock ticker symbol CNP on October 1, 2002 on the New York and Chicago Stock Exchanges.
How do I buy CenterPoint Energy Stock?
You can become a registered CenterPoint Energy shareholder by making an initial investment of at least $250 through Investor's Choice.Dividends.Request Publications (For printed copies of the annual report and 10-K)Frequently Asked Questions.Historical Stock Prices.
Does NRG own CenterPoint?
Later in 2006, Texas Genco was sold to NRG Energy of Princeton, N.J. On April 23, 2018 CenterPoint Energy and Vectren Corporation announced they have entered into a definitive merger agreement.
What happened to Reliant Resources stock?
Though Reliant Resources will become Reliant Energy on Monday, the company will retain the Reliant Resources stock ticker, RRI. CenterPoint Energy remains a separate company and trades under the ticker CNP.Apr 21, 2004
Is Reliant Energy publicly traded?
At this time, Reliant Energy also separated into two publicly traded companies: Reliant Resources, Inc. and CenterPoint Energy, Inc. (NYSE: CNP). When the state of Texas deregulated the electricity market, the former HL&P was split into several companies.
Recently Viewed Tickers
CenterPoint Energy Inc
Visit a quote page and your recently viewed tickers will be displayed here.
How much is CenterPoint Energy stock worth in 2021?
CenterPoint Energy, Inc. is a holding company, which engages in the business of power generation and distribution.
Is Centerpoint Energy stock a sell signal?
The CenterPoint Energy Inc stock price gained 0.83% on the last trading day (Friday, 9th Jul 2021), rising from $25.26 to $25.47. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.21% from a day low at $25.21 to a day high of $25.51. The price has risen in 7 of the last 10 days and is up by 3.92% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 10 million shares were bought and sold for approximately $244.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
What is Trefis financial?
The CenterPoint Energy Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.97 and $25.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 29, 2021, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Is Centerpoint Energy stock down?
Trefis is an interactive financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future.
Revenues
However, the stock remains down by about 20% over the last twelve months, partly due to weaker commercial and industrial electricity demand through the Covid-19 lockdowns and the company’s move to cut its dividend. However, we think the stock looks reasonably priced at current levels, considering its relatively lower valuation versus peers, its plans to divest its underperforming business, and a broader economic recovery post-Covid-19.
Operational Results
CenterPoint Energy’s total revenues in the quarter were $1,622 million, which lagged the Zacks Consensus Estimate of $1,624 million by a mere 0.1%. Moreover, the reported figure came in 2.2% lower than the prior-year quarter’s $1,658 million. Lower contribution from the utility and non-utility segment dragged down the top line.
Segment Results
Total expenses during the third-quarter increased 1.5% to $1,320 million. The company’s operating income declined 15.4% year over year to $302 million in the third quarter. Interest expenses and other finance charges decreased to $121 million from $134 million in the year-ago quarter.
Financial Condition
The Houston Electric-Transmission & Distribution segment reported a net income of $157 million for the third quarter compared with $185 million in the year-ago quarter. The Natural Gas Distribution segment reported a net income of $5 million compared with the year-ago quarter’s $6 million. The Indiana Electric - Integrated segment generated a net income of $31 million compared with $34 million in the year-earlier period. The Midstream Investments segment recorded a net loss of $62 million against the net income of $50 million in the prior-year quarter..
2020 Guidance
As of Sep 30, 2020, CenterPoint Energy had cash and cash equivalents of $185 million, down from $241 million as of Dec 31, 2019. Total long-term debt was $11,946 as of Sep 30, 2020, compared with $14,244 million as of Dec 31, 2019. At the end of third-quarter 2020, the company’s net cash from operating activities was $1,439 million, up from the prior-year quarter’s $1,086 million. Further, CenterPoint Energy’s total capital expenditure was $642 million in the third quarter, down from $666 million in the year-ago quarter..
Zacks Rank
CenterPoint Energy has raised its 2020 Utility EPS guidance range to $1.12-$1.20 per share, from the earlier guidance of $1.10-$1.20. The Zacks Consensus Estimate for current-year earnings is pegged at $1.29 per share, which lies above the guided range.
Recent Utility Releases
CenterPoint Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.