CNP stock: buy or sell?

CNP stock price: $30.32 0.93% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

CenterPoint Energy shares inched 0.93% to $30.32 today. With Friday, it's been 3 green days in a row, adding $0.41 or 1.35%.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

Should I buy CNP stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with CenterPoint Energy stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is CenterPoint Energy stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 12 ratings published for CNP stock in the last month.

The general sentiment of these ratings is bullish for CNP stock, with 9 positive ratings.
Is CNP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6SunTrust BanksHoldBuy
2019-9-6Stifel NicolausHoldBuy
2019-9-18Wells Fargo & Con/aOutperform
2019-8-13BarclaysEqual WeightOverweight
2019-7-2Goldman Sachs GroupBuyConviction-Buy
2019-6-5Morgan Stanleyn/aEqual Weight
2019-6-14Morgan Stanleyn/aEqual Weight
2019-6-13Bank of AmericaNeutralBuy
2019-5-15JPMorgan Chase & Co.n/aOverweight
2019-4-22Credit Suisse Groupn/aBuy
2019-1-7GuggenheimNeutralBuy
2019-1-18Royal Bank of CanadaSector PerformOutperform

CNP stock analysis

Daily outlook

Shares of CenterPoint Energy closed today at $30.32 and inched a slightly fine 0.93%.

Shares of CenterPoint Energy inched a slightly fine 0.93% and closed at $30.32. Since price and SMA200d lines crossed up on September/10, CNP climbed $1.54 (5.35%). CNP is retaking the upward trend marking a new rising bottom heading to break out over $30.52.

CNP stock chart (daily)

Weekly outlook

CenterPoint Energy ended this week at $30.32 and gained a beatiful 1.57%. With this, it's been 4 climbing weeks in a row, soaring a 10.41%. Early August CNP plummed a dreadful -6.18% in just one week.

Since price and SMA40w lines crossed up last week, CNP climbed $1.82 (6.39%). Far behind is the all-time high CenterPoint Energy marked by mid February but price is just -1.56% below that top.

CNP stock chart (weekly)

CNP stock price history

CNP stock historical price chart

CNP stock reached all-time highs on February with a price of $30.80.

CNP stock price target is $32.10

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 9 price predictions for CNP stock published in the last 30 days:
CNP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6SunTrust BanksUpgrades$30.00$32.006.7%
2019-9-6Stifel NicolausUpgrades$30.00$32.006.7%
2019-9-18Wells Fargo & CoLowers Target$33.00$32.00-3%
2019-8-13BarclaysUpgrades$33.00$31.00-6.1%
2019-7-2Goldman Sachs GroupUpgrades$31.00$32.003.2%
2019-6-14Morgan StanleyRaises Target$30.00$31.003.3%
2019-5-15JPMorgan Chase & Co.Lowers Target$33.00$32.00-3%
2019-4-22Credit Suisse GroupSet Price Targetn/a$33.00-
2019-1-18Royal Bank of CanadaUpgrades$29.00$34.0017.2%
(in average)$31.10$32.103.0%
Moving in a range from $34.00 and $31.00, the price prediction for CNP stock is $32.10. In average, analysts' outlook on CNP price target is positive, increasing the forecast by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, CenterPoint Energy presented its financial report, close to analysts' consensus and published a $0.36 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.
CNP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.44n/a
2017-Q2-n/a0.31n/a
2017-Q32017-11-030.390.38-2.6%
2017-Q42018-02-220.30.3310.0%
2018-Q12018-05-040.440.5525.0%
2018-Q22018-08-030.320.3-6.3%
2018-Q32018-11-080.410.39-4.9%
2018-Q42019-02-280.360.360.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an impressive growth of 10.14% to $10,589.00 million dollars. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) collapsed a -15.16% to 3.48%.

CNP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$8,120 M-$311 M3.8%-
2014$9,226 M13.62%$611 M6.6%96.46%
2015$7,386 M-19.94%$-692.00 M-9.4%-213.26%
2016$7,528 M1.92%$432 M5.7%-162.43%
2017$9,614 M27.71%$1,792 M18.6%314.81%
2018$10,589 M10.14%$368 M3.5%-79.46%

Quarterly financial results

CenterPoint Energy posted $3,036.00 million in revenues for 2018-Q4, a 37.25% up compared to previous quarter. Reported quarter earnings marked $120.00 M with a profit margin of 3.95%. Profit margin decreased a -3.19% compared to previous quarter when profit margin was 7.14%. When comparing revenues to same quarter last year, CenterPoint Energy sales marked an exceptional gain and skyrocketed a 15.09%. Looking back to recent quarterly results, CenterPoint Energy posted 2 positive quarters in a row.
CNP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$2,640 M-$192 M7.3%-
2017-Q2$2,110 M-20.08%$135 M6.4%-29.69%
2017-Q3$2,098 M-0.57%$169 M8.1%25.19%
2017-Q4$2,638 M25.74%$1,296 M49.1%666.86%
2018-Q1$3,155 M19.60%$165 M5.2%-87.27%
2018-Q2$2,186 M-30.71%$-75 M-3.4%-145.45%
2018-Q3$2,212 M1.19%$158 M7.1%-310.67%
2018-Q4$3,036 M37.25%$120 M4.0%-24.05%

CenterPoint Energy ownership

When you are planning to invest in shares of a stock, it's always worth to have a look its ownership structure.

CenterPoint Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.22% of all shares.

Bearish positions for CNP stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

CNPATODMDUOGE
Market cap$15.2 B$13.3 B$64.9 B$5.6 B$9.0 B
Total shares502.2 M118.2 M803.4 M199.1 M200.2 M
Float shares500.7 M116.8 M800.7 M196.7 M199.4 M
  - Institutional holdings (%)84.1%80.6%60.2%68.4%70.6%
  - Insider holdings (%)0.2%1.1%0.3%1.1%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CNP summary

Friday, September 20th, 2019
Open$30.17
Close$30.32
Day range$30.17 - $30.42
Previous close$30.04
Session gain0.93%
Average true range$0.57
50d mov avg$28.46
100d mov avg$28.76
200d mov avg$28.99
Daily patternlb02a
Weekly pattern

CenterPoint Energy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared CenterPoint Energy against Atmos Energy, Dominion Energy, MDU Resources, OGE Energy, ONE Gas, ONEOK, Spire and in the following table:
Stock3m6m12m
CNPCenterPoint Energ...2.40%0.70%12.50%
ATOAtmos Energy4.96%10.27%21.88%
DDominion Energy4.38%9.59%19.59%
MDUMDU Resources8.25%12.50%10.16%
OGEOGE Energy4.36%6.13%27.10%
OGSONE Gas2.22%6.53%18.18%
OKEONEOK10.30%11.58%14.47%
SRSpire2.18%8.32%19.77%
SRE2.29%14.44%27.25%

CenterPoint Energy competitors

One check before investing in any stock is to review a list of its competitors, in this case for CenterPoint Energy. We selected 8 companies as CenterPoint Energy competitors as they are in the same industry or have similar market objectives.

Latest CNP stock news