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How to Buy Centerpoint Energy Stock

Centerpoint Energy Inc

Centerpoint Energy is a gas company located in Texas, United States, which is part of the Utilities sector, and is traded under the ticker CNP on the NYSE exchange.

Centerpoint Energy stock last closed at $29.20, down 1.95% from the previous day, and has increased 3.73% in one year. It has underperformed other stocks in the Utilities - Regulated Gas industry by 0.04 percentage points. Centerpoint Energy stock is currently +16.66% from its 52-week low of $25.03, and -12.84% from its 52-week high of $33.50.

There are currently 629.54M shares of CNP outstanding. The market value of CNP is $18.38B. In the past 24 hours, 5.44M CNP shares were traded.

How to Buy Centerpoint Energy Stock

Not sure how to invest in Centerpoint Energy stock? Here's how.
  1. Choose where to buy Centerpoint Energy stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Centerpoint Energy stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Pick your payment method and add your info.
  4. Analyze Centerpoint Energy stock: The Centerpoint Energy ticker symbol is CNP. Is Centerpoint Energy stock a good investment? Should you buy shares of CNP? How do CNP's underlying business fundamentals look? Do top analysts think Centerpoint Energy is a good buy? Why has CNP's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if CNP is a good stock to buy).
  5. Execute your CNP purchase: Decide if you will purchase CNP shares at the current market price or use a limit order to buy CNP shares at a given price.
  6. Get the latest news on your CNP position: Create a watchlist to important notifications about your investment in Centerpoint Energy shares.

Step 1: Choose where to buy Centerpoint Energy stock

You need an online brokerage account in order to access the NYSE market and buy CNP shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal details so you are able to invest in CNP stock today.

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  2. Enter your personal info to start a new trading account.
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Step 3: Deposit funds into your investment account

Now that you've filled out your info on mobile trading apps, your next step is to transfer the money for your investment:

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Step 4: Analyze Centerpoint Energy stock

After you have decided on the best place to buy Centerpoint Energy stock, it's important to evaluate their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.

Centerpoint Energy Numbers

CNP Price
$29.20
1w %
-1.82%
1y %
3.73%
5y %
8.51%
P/E
11.87x
P/B
1.84x
P/S
2.06x
PEG
N/A
Revenue
$8.92B
Earnings
$1.53B
Fore. Rev. Growth
2.17%
Fore. Earn. Growth
-10.16%
Market Cap
$18.38B
Next Earnings
Feb 17, 2023
Next Dividend
Mar 9, 2023

Fundamentals of CNP

WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on CNP's stock page.

Is CNP stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge CNP's intrinsic value.

Using relative valuations metrics:

  • CNP could be undervalued based on its P/E ratio of 11.87x, relative to Utilities - Regulated Gas industry P/E ratio of 19.85x
  • CNP may be undervalued based on its P/B ratio of 1.84x, relative to Utilities - Regulated Gas industry P/B ratio of 2.03x

You can do additional valuation analysis on CNP's stock here.

Is CNP a healthy company?

Signs that CNP is financially healthy:

  • CNP profit margin has gone up from 11.1% to 17.1% in the past year.
  • Total CNP debt is lower than 5 years ago, relative to shareholder equity.

Signs that CNP is not financially healthy:

  • There are more short-term liabilities than short-term assets on the CNP balance sheet.
  • There are more long-term liabilities than short-term assets on the CNP balance sheet.
  • CNP has cash burn of 2197000000. It does not have sufficient cash and short-term investments to cover this.
  • CNP has a relatively high debt to equity ratio of 2.68.
  • CNP has $566.00M in cash and short term investments. This is not enough to cover its annual cash burn of $2.20B.

Is it a good time to buy Centerpoint Energy stock, according to analysts?

Out of 9 Wall Street analysts who give forecasts on CNP, the consensus analyst rating on Centerpoint Energy is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Latest CNP Analyst Forecasts

Shahriar Pourreza, a top 38% analyst from Guggenheim downgrades CNP to a hold rating and raises their CNP price target from $31.00 to $32.00, on Jan 23, 2023.

Stephen Byrd, a top 4% analyst from Morgan Stanley maintains CNP with a strong buy rating and raises their CNP price target from $29.00 to $31.00, on Dec 15, 2022.

Sophie Karp, a top 19% analyst from KeyBanc maintains CNP with a strong buy rating and lowers their CNP price target from $34.00 to $31.00, on Oct 20, 2022.

Sarah Akers, a top 13% analyst from Wells Fargo maintains CNP with a strong buy rating and lowers their CNP price target from $35.00 to $31.00, on Oct 19, 2022.

Eric Beaumont, a top 17% analyst from Barclays maintains CNP with a strong buy rating and lowers their CNP price target from $36.00 to $33.00, on Jul 18, 2022.

You can dive deeper into what analysts are saying on the Centerpoint Energy stock forecast page.

CNP Technical Indicators

SMA10
29.9
SMA20
30.27
SMA50
30.39
SMA100
29.62
SMA200
30.23
MACD
-0.16
MACD Signal
-0.06
MACD Histogram
-0.1
RSI
37.28
Stochastic %K
19.26
Stochastic %D
24.03
StochRSI %K
12.25
StochRSI %D
19.68

CNP Earnings

Last year, CNP earnings were $1.53B. During the last 5 year, CNP's earnings have gone up by 12.26% per year. This was slower than the Utilities - Regulated Gas industry average of 85.91%.

Last year, CNP revenue was $8.92B. During the past 5 year, CNP's revenue has increased by -0.3% per year. This was slower than the Utilities - Regulated Gas industry average of 27.84%.

Find out more about CNP's earnings and revenue performance here.

Who is buying/selling CNP?

In the past year, insiders at CNP have sold more shares than they have bought.

David J. Lesar, CEO of CNP, was the latest CNP insider to sell. They sold $4,507,900.00 worth of CNP shares on Jan 3, 2023.

Research more about who owns CNP shares here.

Does CNP stock generate passive income?

Centerpoint Energy pays a dividend of 2.4%, compared to the Utilities - Regulated Gas industry's average dividend yield of 3.28%. If you owned $1,000 of CNP stock, you would have been paid $23.97 in the past 12 months.

Centerpoint Energy dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more analysis about Centerpoint Energy dividend yield and history here.

What others are saying about CNP

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Execute your CNP purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.

Click the Open button and eToro will execute the order.

If you need additional assistance buying stocks on eToro, click the helpful video below:

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Step 6: Get the latest news on your CNP position

Now that you own some CNP stock, you'll want to stay up-to-date on your investment.

Make a watchlist to keep track of your CNP stock.

CNP Feed

How to Buy Stock in Centerpoint Energy

To reiterate, here are the 6 steps to buy stock in Centerpoint Energy:

  1. Choose where to buy Centerpoint Energy stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Centerpoint Energy stock
  5. Execute your CNP purchase
  6. Get the latest news on your CNP position

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today

If you would like to keep track of your investment in Centerpoint Energy, hit the button below to create your watchlist.

NYSE: CNP
$29.20-0.58 (-1.95%)
Updated Feb 3, 2023
Open eToro Account
NYSE: CNP
$29.20-0.58 (-1.95%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Centerpoint Energy share?

As of Feb 3, 2023, it costs $29.20 to buy one share of Centerpoint Energy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.342 shares of CNP.

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Is now a good time to buy Centerpoint Energy stock?

According to 9 Wall Street analysts who monitor Centerpoint Energy, their consensus recommendation is to buy Centerpoint Energy stock.

What is the best way to buy Centerpoint Energy stock?

One way to place an order for Centerpoint Energy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.