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Centerpoint Energy (CNP)
NYSE:CNP
Centerpoint Energy (CNP) Stock Price & Analysis
891 Followers
CNP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.05 - $30.77
Previous Close$27.7
Volume168.00
Average Volume (3M)4.41M
Market Cap
$17.59B
Enterprise Value$35.52B
Total Cash (Recent Filing)$631.00M
Total Debt (Recent Filing)$18.61B
Price to Earnings (P/E)20.2
Beta0.67
Next Earnings
Apr 30, 2024EPS Estimate
$0.51Last Dividend Ex-Date
Feb 14, 2024Dividend Yield2.87%
Share Statistics
EPS (TTM)1.37
Shares Outstanding631,594,706
10 Day Avg. Volume4,885,017
30 Day Avg. Volume4,406,184
Standard Deviation0.08
R-Squared0.41
Alpha-0.00649
Financial Highlights & Ratios
Price to Book (P/B)3.14
Price to Sales (P/S)1.98
Price to Cash Flow (P/CF)5.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.08
Enterprise Value/Gross Profit4.13
Enterprise Value/Ebitda14.28
Forecast
1Y Price Target
$30.22Price Target Upside8.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Centerpoint Energy News
PremiumCompany Announcements
CenterPoint Energy Unveils CEI South Financial Snapshot
PremiumCompany Announcements
CenterPoint Energy’s Q4 and Full-Year 2023 Earnings Call
PremiumCompany Announcements
CenterPoint Energy’s Strategic Gas Distribution Sale Pending ApprovalBulls Say, Bears Say
Bulls Say
Financial PerformanceCNP announced a sale agreement for its Mississippi and Louisiana gas LDCs for $1.0B post tax proceeds at a healthy ~32x PE multiple.
Growth OutlookCNP's 10-year capex plan increased by $600mm, indicating a commitment to long-term growth and infrastructure investment.
Regulatory DevelopmentsLegislation has been passed enabling more timely recovery of capital expenditures, which supports the financial stability and growth prospects of utility companies like CNP.
Bears Say
Asset Sale And Capital DeploymentThe company is selling off assets with higher earnings potential and reallocating funds into businesses with lower returns on equity, which could negatively impact future profitability.
Equity IssuanceThe company will be issuing approximately $250 million of equity per year to support the capital plan, potentially diluting the value for current shareholders.
Tax ProvisionThe company is expected to incur additional cash taxes due to the Alternative Minimum Tax provision, which could reduce available cash flow by around $150 million annually.
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Ownership Overview
1.21% Insiders
44.73% Mutual Funds
23.31% Other Institutional Investors
30.76% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CNP FAQ
What was Centerpoint Energy’s price range in the past 12 months?
Centerpoint Energy lowest stock price was $25.05 and its highest was $30.77 in the past 12 months.
What is Centerpoint Energy’s market cap?
Currently, no data Available
When is Centerpoint Energy’s upcoming earnings report date?
Centerpoint Energy’s upcoming earnings report date is Apr 30, 2024 which is in 12 days.
How were Centerpoint Energy’s earnings last quarter?
Centerpoint Energy released its earnings results on Feb 20, 2024. The company reported $0.32 earnings per share for the quarter, the consensus estimate of $0.32 by $0.
Is Centerpoint Energy overvalued?
According to Wall Street analysts Centerpoint Energy’s price is currently Undervalued.
Does Centerpoint Energy pay dividends?
Centerpoint Energy pays a Quarterly dividend of $0.2 which represents an annual dividend yield of 2.87%. See more information on Centerpoint Energy dividends here
What is Centerpoint Energy’s EPS estimate?
Centerpoint Energy’s EPS estimate is $0.51.
How many shares outstanding does Centerpoint Energy have?
Centerpoint Energy has 633,031,500 shares outstanding.
What happened to Centerpoint Energy’s price movement after its last earnings report?
Centerpoint Energy reported an EPS of $0.32 in its last earnings report, expectations of $0.32. Following the earnings report the stock price went down -0.323%.
Which hedge fund is a major shareholder of Centerpoint Energy?
Among the largest hedge funds holding Centerpoint Energy’s share is Bridgewater Associates, LP. It holds Centerpoint Energy’s shares valued at 838K.
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Centerpoint Energy Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$30.22 (8.74% Upside)
$30.22 (8.74% Upside)
Blogger Sentiment
Bullish
CNP Sentiment 100%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 221.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 3.7%
Last 30 Days ▼ 1.9%
Last 30 Days ▼ 1.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-7.03%
12-Months-Change
Fundamentals
Return on Equity
9.31%
Trailing 12-Months
Asset Growth
3.14%
Trailing 12-Months
Company Description
Centerpoint Energy
CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.
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CNP Company Deck
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CNP Earnings Call
Q4 2024
0:00 / 0:00
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CNP Revenue Breakdown
46.90% Retail gas sales
42.56% Electric delivery
6.54% Retail electric sales
3.65% Energy products and services
0.36% Other
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CNP Stock 12 Months Forecast
Average Price Target
$30.22
▲(8.74% Upside)
Technical Analysis
Best Analysts Covering CNP
1 Year
1 Year Success Rate
20/29 ratings generated profit
1 Year Average Return
+12.76%
reiterated a buy rating 2 months ago
Copying Shelby Tucker's trades and holding each position for 1 Year would result in 68.97% of your transactions generating a profit, with an average return of +12.76% per trade.
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