Are Utilities Stocks Lagging CenterPoint Energy (CNP) This Year?
Here is how CenterPoint Energy (CNP) and FirstEnergy (FE) have performed compared to their sector so far this year.
Reasons to Add CenterPoint (CNP) to Your Portfolio Right Now
CenterPoint (CNP) makes a strong case for investment in the utility space with its robust ROE and ability to increase shareholder value through regular dividend payments.
CNP or PEG: Which Is the Better Value Stock Right Now?
Investors interested in Utility - Electric Power stocks are likely familiar with CenterPoint Energy (CNP) and PSEG (PEG). But which of these two companies is the best option for those looking for undervalued stocks?
CenterPoint Energy: Poised For Steady Long-Term Growth
CenterPoint Energy shares have risen steadily since reporting solid Q1 earnings, sitting near a 52-week-high. CenterPoint Energy's earnings rose 10% in Q1 due to higher rates from its capital investment and ongoing cost control. CenterPoint Energy aims for 6-8% annual EPS and dividend growth through 2030, supported by a $44.5 billion 10-year cap-ex plan.
CNP or PEG: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of CenterPoint Energy (CNP) and PSEG (PEG). But which of these two stocks offers value investors a better bang for their buck right now?
4 Stocks to Watch From a Prospering Electric Power Industry
Amid the ongoing transition in the utility space and rising demand for electricity, utilities like PCG, PEG, VST and CNP are set to benefit from a strong customer base. They have plans to upgrade infrastructure, add clean assets and provide reliable services.
Reasons to Add CenterPoint (CNP) to Your Portfolio Right Now
CenterPoint (CNP) makes a strong case for investment, given well-chalked out investment plan, regular dividend payment and rising earnings estimates.
CNP vs. SO: Which Stock Is the Better Value Option?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of CenterPoint Energy (CNP) and Southern Co. (SO). But which of these two companies is the best option for those looking for undervalued stocks?
CenterPoint (CNP) Up 0.2% Since Last Earnings Report: Can It Continue?
CenterPoint (CNP) reported earnings 30 days ago. What's next for the stock?
Analyst Scoreboard: 5 Ratings For CenterPoint Energy
Analysts' ratings for CenterPoint Energy CNP over the last quarter vary from bullish to bearish, as provided by 5 analysts. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. The 12-month price targets, analyzed by analysts, offer insights with an average target of $30.4, a high estimate of $33.00, and a low estimate of $29.00. Observing a downward trend, the current average is 0.65% lower than the prior average price target of $30.60. The perception of CenterPoint Energy by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CenterPoint Energy. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of CenterPoint Energy compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for CenterPoint Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations. For valuable insights into CenterPoint Energy's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table. Stay up to date on CenterPoint Energy analyst ratings. CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide 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 serving approximately 4 million customers. Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity. Revenue Challenges: CenterPoint Energy's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -5.72%. This indicates a decrease in top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers. Net Margin: CenterPoint Energy's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 13.36%, the company may encounter challenges in effective cost control. Return on Equity (ROE): CenterPoint Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 3.56%, the company demonstrates effective use of equity capital and strong financial performance. Return on Assets (ROA): CenterPoint Energy's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.88%, the company may face hurdles in achieving optimal financial performance. Debt Management: CenterPoint Energy's debt-to-equity ratio is below the industry average. With a ratio of 1.92, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors. Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Panagora Asset Management Inc. Buys 14,351 Shares of CenterPoint Energy, Inc. (NYSE:CNP)
Panagora Asset Management Inc. raised its stake in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,917 shares of the utilities provider’s stock after buying an additional 14,351 shares during the period. Panagora Asset Management Inc.’s holdings in CenterPoint Energy were worth $2,912,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 555 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of CenterPoint Energy by 634.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,200 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CenterPoint Energy by 73.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,094 shares of the utilities provider’s stock valued at $60,000 after buying an additional 884 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 91.77% of the company’s stock. Insider Activity at CenterPoint Energy In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.42, for a total value of $166,811.40. Following the completion of the sale, the director now directly owns 21,203 shares in the company, valued at $623,792.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders. Analysts Set New Price Targets Several analysts have issued reports on the company. Scotiabank cut their target price on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their target price for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Mizuho reiterated a “neutral” rating and issued a $29.00 target price (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Barclays upped their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, March 14th. Finally, StockNews.com upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $30.18. View Our Latest Report on CenterPoint Energy CenterPoint Energy Trading Up 0.5 % NYSE CNP opened at $30.08 on Monday. The stock has a market cap of $19.24 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.65 and a beta of 0.91. CenterPoint Energy, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $31.43. The stock has a 50 day simple moving average of $28.55 and a two-hundred day simple moving average of $28.25. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.25. CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter last year, the firm posted $0.50 earnings per share. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year. CenterPoint Energy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Wednesday, May 15th. CenterPoint Energy’s payout ratio is 56.34%. About CenterPoint Energy (Free Report) CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.
