Centerpoint Energy Stock Today
| CNP Stock | USD 28.73 0.05 0.17% |
Performance7 of 100
| Odds Of DistressLess than 33
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CenterPoint Energy is selling at 28.73 as of the 23rd of April 2024; that is -0.17 percent down since the beginning of the trading day. The stock's last reported lowest price was 28.65. CenterPoint Energy has about a 33 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for CenterPoint Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Utilities | IPO Date 2nd of January 1970 |
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company was founded in 1866 and is headquartered in Houston, Texas. Centerpoint Energy operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. The company has 633.1 M outstanding shares of which 11.72 M shares are currently shorted by investors with about 2.64 days to cover. More on CenterPoint Energy
Moving together with CenterPoint Stock
| 0.66 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.74 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
| 0.7 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.65 | FE | FirstEnergy Earnings Call This Week | PairCorr |
| 0.71 | SO | Southern Financial Report 25th of April 2024 | PairCorr |
CenterPoint Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CenterPoint Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CenterPoint Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, CenterPoint Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CenterPoint Energy's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Scott Prochazka | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [CNP Assurances SA, CNPR STAPLED] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Multi-Utilities, Utilities - Regulated Electric, Utilities, NYSE Composite, ARCA Natural Gas, PHLX Utility, SP 500 Index, Dow Jones Utility, Dow Jones Composite, Basic Utilities, Utilities, Multi-Utilities, Utilities—Regulated Electric, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Excise Tax Activities | Coal | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering CenterPoint Energy report their recommendations after researching CenterPoint Energy's financial statements, talking to executives and customers, or listening in on CenterPoint Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CenterPoint Energy. The CenterPoint consensus assessment is calculated by taking the average forecast from all of the analysts covering CenterPoint Energy. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from CenterPoint Energy's financial statements, CenterPoint Energy is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of CenterPoint Energy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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CenterPoint Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CenterPoint Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. CenterPoint Energy's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of CenterPoint Energy's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CenterPoint Energy's financial leverage. It provides some insight into what part of CenterPoint Energy's total assets is financed by creditors.
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CenterPoint Energy (CNP) is traded on New York Stock Exchange in USA. It is located in 1111 Louisiana Street, Houston, TX, United States, 77002 and employs 8,827 people. CenterPoint Energy is listed under Multi-Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 18.22 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CenterPoint Energy's market, we take the total number of its shares issued and multiply it by CenterPoint Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CenterPoint Energy runs under Multi-Utilities sector within Utilities industry. The entity has 633.1 M outstanding shares of which 11.72 M shares are currently shorted by investors with about 2.64 days to cover.
CenterPoint Energy has about 74 M in cash with 3.88 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.95.
Check CenterPoint Energy Probability Of Bankruptcy
Ownership AllocationCenterPoint Energy retains a total of 633.1 Million outstanding shares. The majority of CenterPoint Energy outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CenterPoint Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in CenterPoint Energy. Please pay attention to any change in the institutional holdings of CenterPoint Energy as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check CenterPoint Ownership Details
CenterPoint Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of CenterPoint Energy jumping above the current price in 90 days from now is about 1.34%. The CenterPoint Energy probability density function shows the probability of CenterPoint Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon CenterPoint Energy has a beta of 0.8507 suggesting CenterPoint Energy market returns are sensible to returns on the market. As the market goes up or down, CenterPoint Energy is expected to follow. Additionally, centerPoint Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of CenterPoint Energy to move above the current price in 90 days from now is about 1.34 (This CenterPoint Energy probability density function shows the probability of CenterPoint Stock to fall within a particular range of prices over 90 days) .
CenterPoint Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CenterPoint Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CenterPoint Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CenterPoint Energy's value.| Instituion | Recorded On | Shares | |
| Pictet Asset Manangement Sa | 2023-12-31 | 9.4 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 8.5 M | |
| Amvescap Plc. | 2023-12-31 | 8.2 M | |
| Cohen & Steers Inc | 2023-12-31 | 8 M | |
| Jennison Associates Llc | 2023-12-31 | 8 M | |
| Legal & General Group Plc | 2023-12-31 | 8 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 7.6 M | |
| Franklin Resources Inc | 2023-12-31 | 6.2 M | |
| Northern Trust Corp | 2023-12-31 | 6 M | |
| Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 82.9 M | |
| Vanguard Group Inc | 2023-12-31 | 76.4 M |
CenterPoint Energy Historical Income Statement
CenterPoint Energy Income Statement is one of the three primary financial statements used for reporting CenterPoint's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CenterPoint Energy revenue and expense. CenterPoint Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CenterPoint Energy's Total Other Income Expense Net is relatively stable compared to the past year. As of 04/23/2024, Net Income Applicable To Common Shares is likely to grow to about 1.2 B, while EBIT is likely to drop slightly above 1.5 B. View More FundamentalsCenterPoint Stock Against Markets
Picking the right benchmark for CenterPoint Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CenterPoint Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CenterPoint Energy is critical whether you are bullish or bearish towards CenterPoint Energy at a given time. Please also check how CenterPoint Energy's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in CenterPoint Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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CenterPoint Energy Corporate Directors
CenterPoint Energy corporate directors refer to members of a CenterPoint Energy board of directors. The board of directors generally takes responsibility for the CenterPoint Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CenterPoint Energy's board members must vote for the resolution. The CenterPoint Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Phillip Smith | Independent Director | Profile | |
| Leslie Biddle | Independent Director | Profile | |
| Janiece Longoria | Independent Director | Profile | |
| Scott McLean | Independent Director | Profile |
How to buy CenterPoint Stock?
Before investing in CenterPoint Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CenterPoint Energy. To buy CenterPoint Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CenterPoint Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CenterPoint Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CenterPoint Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CenterPoint Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as CenterPoint Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy CenterPoint Stock please use our How to Invest in CenterPoint Energy guide.
Already Invested in CenterPoint Energy?
The danger of trading CenterPoint Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CenterPoint Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CenterPoint Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CenterPoint Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CenterPoint Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CenterPoint Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Centerpoint Energy Stock. Highlighted below are key reports to facilitate an investment decision about Centerpoint Energy Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CenterPoint Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for CenterPoint Stock analysis
When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.
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Is CenterPoint Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CenterPoint Energy. If investors know CenterPoint will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CenterPoint Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.586 | Dividend Share 0.77 | Earnings Share 1.37 | Revenue Per Share 13.782 | Quarterly Revenue Growth (0.20) |
The market value of CenterPoint Energy is measured differently than its book value, which is the value of CenterPoint that is recorded on the company's balance sheet. Investors also form their own opinion of CenterPoint Energy's value that differs from its market value or its book value, called intrinsic value, which is CenterPoint Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CenterPoint Energy's market value can be influenced by many factors that don't directly affect CenterPoint Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CenterPoint Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CenterPoint Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CenterPoint Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.