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Stock in Focus: CenterPoint Energy Inc. (CNP)

-- Sunday, January 17, 2021, 10:41 --

Company Profile:

CenterPoint Energy, Inc. is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. CenterPoint Energy, Inc. was founded in 1866 and is headquartered in Houston, Texas.

Recent News:

CenterPoint Energy’s CNP solid long-term investment plan to strengthen and expand its infrastructure and ongoing addition of electric and natural gas customers will continue boosting its performance.

On Dec. 10, 2020, the board of directors of the company declared dividends on shares of its common stock, Series A Perpetual Preferred Stock and Series B Mandatory Convertible Preferred Stock.

The company reported income available to common shareholders of $69 million, or $0.13 per diluted share, for the third quarter of 2020, compared to income available to common shareholders of $241 million, or $0.47 per diluted share, for the third quarter of 2019.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

CNP’s strengths can be seen in its strong growth and better profitability compared with its peers. Its revenue has increased over recent years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI stands at around 49.24 with positive bias. We rate CenterPoint Energy Inc. (CNP) a STRONG BUY.

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