How to Buy Centerpoint Energy Stock
Centerpoint Energy Inc
Centerpoint Energy is a regulated electric utility 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 $29.34, up 0.93% from the previous day, and has decreased 4.83% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.05 percentage points. Centerpoint Energy stock is currently +15.42% from its 52-week low of $25.42, and -6.66% from its 52-week high of $31.44.
There are currently 631.59M shares of CNP outstanding. The market value of CNP is $18.53B. In the past 24 hours, 5.57M CNP shares were traded.
How to Buy Centerpoint Energy Stock
Not sure how to invest in Centerpoint Energy stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- 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:
Watch the tutorial below for more details transferring funds into your brokerage account.
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
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 overvalued based on its P/E ratio of 21.42x, relative to Utilities - Regulated Electric industry P/E ratio of 16.59x
- CNP may be overvalued based on its P/B ratio of 1.92x, relative to Utilities - Regulated Electric industry P/B ratio of 1.64x
- CNP may be overvalued based on its PEG ratio of 2.03x
You can access additional valuation research on CNP's stock here.
CNP Financial Summary
Signs that CNP is financially healthy:
- CNP has $631.00M in cash and short term investments. This is enough to cover its annual cash burn of $524.00M.
- CNP has cash burn of 524000000. It has sufficient cash and short-term investments to cover this for at least one year.
Signs that CNP is not financially healthy:
- There are more long-term liabilities than short-term assets on the CNP balance sheet.
- CNP has a relatively high debt to equity ratio of 3.11.
- Total CNP debt is higher than 5 years ago, relative to shareholder equity.
- CNP profit margin has gone down from 10.8% to 10% in the past year.
- There are more short-term liabilities than short-term assets on the CNP balance sheet.
Is it a good time to buy Centerpoint Energy stock, according to analysts?
Out of 8 Equities analysts who give recommendations on CNP, the consensus analyst rating on CNP is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CNP Analyst Upgrades/Downgrades
Eric Beaumont, a top 13% analyst from Barclays maintains CNP with a strong sell rating and raises their CNP price target from $27.00 to $28.00, on Jan 22, 2024.
Sophie Karp, a bottom 3% analyst from KeyBanc maintains CNP with a strong buy rating and raises their CNP price target from $29.00 to $31.00, on Jan 4, 2024.
Stephen Byrd, a top 6% analyst from Morgan Stanley maintains CNP with a strong buy rating and lowers their CNP price target from $28.00 to $27.00, on Nov 21, 2023.
You can dive deeper into what analysts are projecting on the Centerpoint Energy stock forecast page.
Metrics for Advanced CNP Traders
CNP Growth Metrics
Last year, CNP earnings were $867.00M. Over the past 5 year, CNP's earnings have increased by 13.11% per year. This was slower than the Utilities - Regulated Electric industry average of 15.84%.
Last year, CNP revenue was $8.70B. In the past five year, CNP's revenue has gone up by 6.74% per year. This was faster than the Utilities - Regulated Electric industry average of 3.97%.
Learn more about CNP's earnings and revenue performance here.
Are CNP executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at CNP have sold more shares than they have bought.
Darin M. Carroll, SVP Natural Gas Business of CNP, was the latest CNP insider to sell. They sold $9,337.44 worth of CNP shares on Feb 20, 2024.
Learn more about who owns CNP stock here.
Can I get consistent income from CNP stock?
Centerpoint Energy pays a dividend of 2.66%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.96%. If you owned $1,000 worth of CNP stock, you would have been paid $26.58 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 data about Centerpoint Energy dividend yield and history here.
What others are saying about CNP
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your CNP purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and your broker will place your order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your CNP position
Now that you own some shares in CNP, you'll want to keep up with your new stock purchase.
Create a watchlist to see the latest developments about your CNP stock.
CNP Feed
How to Buy Stock in Centerpoint Energy
To summarize, here are the 6 steps to buy stock in Centerpoint Energy:
- Choose where to buy Centerpoint Energy stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze Centerpoint Energy stock
- Execute your CNP purchase
- Get the latest news on your CNP position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Centerpoint Energy, create a watchlist today.
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