CNP stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-18||Wells Fargo & Co||n/a||Outperform|
|2019-7-2||Goldman Sachs Group||Buy||Conviction-Buy|
|2019-6-5||Morgan Stanley||n/a||Equal Weight|
|2019-6-14||Morgan Stanley||n/a||Equal Weight|
|2019-6-13||Bank of America||Neutral||Buy|
|2019-5-15||JPMorgan Chase & Co.||n/a||Overweight|
|2019-4-22||Credit Suisse Group||n/a||Buy|
|2019-1-18||Royal Bank of Canada||Sector Perform||Outperform|
CNP stock analysis
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.
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 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 $32.10Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-18||Wells Fargo & Co||Lowers Target||$33.00||$32.00||-3%|
|2019-7-2||Goldman Sachs Group||Upgrades||$31.00||$32.00||3.2%|
|2019-6-14||Morgan Stanley||Raises Target||$30.00||$31.00||3.3%|
|2019-5-15||JPMorgan Chase & Co.||Lowers Target||$33.00||$32.00||-3%|
|2019-4-22||Credit Suisse Group||Set Price Target||n/a||$33.00||-|
|2019-1-18||Royal Bank of Canada||Upgrades||$29.00||$34.00||17.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|2013||$8,120 M||-||$311 M3.8%||-|
|2014||$9,226 M||13.62%||$611 M6.6%||96.46%|
|2015||$7,386 M||-19.94%||$-692.00 M-9.4%||-213.26%|
|2016||$7,528 M||1.92%||$432 M5.7%||-162.43%|
|2017||$9,614 M||27.71%||$1,792 M18.6%||314.81%|
|2018||$10,589 M||10.14%||$368 M3.5%||-79.46%|
Quarterly financial resultsCenterPoint 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.
|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 M||25.74%||$1,296 M49.1%||666.86%|
|2018-Q1||$3,155 M||19.60%||$165 M5.2%||-87.27%|
|2018-Q2||$2,186 M||-30.71%||$-75 M-3.4%||-145.45%|
|2018-Q3||$2,212 M||1.19%||$158 M7.1%||-310.67%|
|2018-Q4||$3,036 M||37.25%||$120 M4.0%||-24.05%|
CenterPoint Energy ownershipWhen 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:
|Market cap||$15.2 B||$13.3 B||$64.9 B||$5.6 B||$9.0 B|
|Total shares||502.2 M||118.2 M||803.4 M||199.1 M||200.2 M|
|Float shares||500.7 M||116.8 M||800.7 M||196.7 M||199.4 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$30.17 - $30.42|
|Average true range||$0.57|
|50d mov avg||$28.46|
|100d mov avg||$28.76|
|200d mov avg||$28.99|
CenterPoint Energy performanceStocks 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:
CenterPoint Energy competitorsOne 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.
- Atmos Energy (ATO)
- Dominion Energy (D)
- MDU Resources (MDU)
- OGE Energy (OGE)
- ONE Gas (OGS)
- ONEOK (OKE)
- Spire (SR)
Latest CNP stock news
- InvestorPlace3 Big Stock Charts for Monday: CenterPoint Energy, McKesson and Coca-ColaJune 10, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: Kimco Realty, Take-Two Interactive and CenterPoint EnergyMay 15, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: CenterPoint Energy, Prologis and Mohawk IndustriesJanuary 23, 2019
- InvestorPlace3 Stock Charts for Monday: Gap, CenterPoint Energy and Boston ScientificJanuary 7, 2019
- InvestorPlace3 Big Stock Charts for Monday: Oracle, Dollar Tree and CenterPoint EnergyDecember 31, 2018