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CenterPoint Energy, Inc. (CNP)

NYSE - NYSE Delayed Price. Currency in USD
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21.44-0.25 (-1.15%)
At close: 4:00PM EST
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  • J
    Julia Yannone
    Arrests pending?
  • P
    Swapping ENBL and LDC’s for Batteries. Epic Fail.
  • B
    Interesting conference call yesterday. Very positive news on getting this company moving ahead. David Lesar appears to be what they needed to lead them. December 7th Analyst meeting to unfold plans for the next 5 years. According to Lesar they are working with OGE to get fair value for Enable and are planning on investing substantial amounts of money in Houston Electric, Vectren Electric and the gass companies. To finance this they will sell one of two of the gas companies and of course borrow money. They will not issue a significant amount of new stock. Also finally brought on a veteran CFO. I see this stock moving back to $30+ over the next year or so.
  • Y
    Yahoo Finance Insights
    CenterPoint Energy is down 4.93% to 23.93
  • J
    Julia Yannone
    Can someone enlighten me as to how a utility would have a 40% decline in revenue?

  • J
    A big thank you to Goldman Sachs for recommending CNP (because of its safe dividend) just two days before CNP cuts its dividend. Unbelievable.
  • R
    I looked over the technicals to see if I could find similar price action over history and the closest time I could find is back in 2008. During Oct-08, there were 37 Mil shares traded, a $4 price drop and a steep MACD negative slope. During November (current) there has been a $4.5 price drop, 37 mil shares traded and the same (or similar) MACD slope. Somehow, I just don't see an impact like 2008 coming from any potential TPUC final ruling and yet, that was the closest comparison. In '08, the price regained $3 by Dec-08 and completely recovered by Feb-09 (4-5 months) - still paid their dividend the whole time. While all of this was going on, there was doom and gloom in the media 'cause everyone was going bankrupt, revenues were crashing, etc., etc., etc.
  • h
    what are you talking
    about ??
  • R
    From 247wallst:
    CenterPoint Energy Inc. (NYSE: CNP) was downgraded to Neutral from Outperform and the target price was lowered to $28 from $31 at Credit Suisse. The firm noted that the Houston electric rate case outcome came in worse than expected and that it was lowering earnings estimates as a result. SunTrust Robinson Humphrey downgraded it to Hold from Buy, and Guggenheim downgraded it to Neutral from Buy. The stock was down almost 5% at $26.69 on Thursday and was indicated down another 5.4% at $25.25 on Friday.
    Just took a Bull-Put position with Dec expiration for a 1.12 credit. If exercised, the base will be 24.88 (4.62 yield). CNP's been around for a long time and hasn't cut the dividend in 13-14 years. Oversold on any chart this morning. Comments ?
  • J
    4.3% dividend; hitting numbers ; low cost of capital for the foreseeable future; what’s not to like ...
  • J
    John J
    I received a hundred some shares of this stock as part of a spin off many years ago. Because I sold the parent company stock at a significant gain, I got these CNP shares (effectively) for free. I am enrolled in a DRP so those few shares are now 523 shares and my effective cost basis is 89 cents a share. So I will hold on to this for a long, long time and continue to accumulate more shares through the DRP. It might not be the best stock in the world but is doing good for me.
  • J
    My understanding is that Blackrock Inc. is accumulating more shares at this price. Good for the long positions.
  • D
    CNP popped up on my radar during my research on utility companies.
    Of the major utility players, CNP seems to have one of the lowest share prices, highest dividends,
    and lowest PE's.
    I bought 1000 shares yesterday and today.
  • D
    The earning were just atrocious. Target 10 dollars
    -----CenterPoint Energy, Inc. CNP reported fourth-quarter 2019 adjusted earnings of 45 cents per share, which exceeded the Zacks Consensus Estimate of 37 cents by 21.6%. The bottom line also jumped 25% from the year-ago quarter’s 36 cents.
    The company’s GAAP earnings came in at 25 cents per share compared with the 18 cents registered in the prior-year quarter.
    For 2019, CenterPoint Energy posted adjusted earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.69 by 5.9%. Full-year earnings also improved 11.9% from the year-earlier tally of $1.60."
    PS: Why would anyone want to owe a stock like this yielding 5% when 30 year T bonds are yielding 1.67% and 10 year T notes are yielding 1.12%.
  • A
    The company is ok. After analysts revision, next Q = 0.37, this year =1.69 and next year=1.7. Forward PE 14. Revenue continues to grow. Price target $27. Div=4%. Time to buy when it is low.
  • J
    Seems like the perfect buying time, CNP has always been a great stock for me.
  • A
    Austin Quoc
    Not sure why everyone is dumping CNP. Company is great considering that it provides transmission to the city of Houston which is over 1+Million residentialls. That's like passive income that it receive year over year. That's why it's able to acquire so many other companies. Bullish!
  • V
    Is it a good stock for long term investment ?
    As I’m new to the American market can you kindly recommend me some scripts that move well and pay good dividends.
    Thank you.
  • A
    What is the news? This low PE stock was beaten down so much recently. Great value stock.
  • r
    Believe rate case was approved on PUC TX website.