CNP Stock Summary and Trading Ideas (Centerpoint Energy (Holding Co) | NYSE:CNP)

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.

Centerpoint Energy (Holding Co) trades on the NYSE stock market under the symbol CNP.

As of April 26, 2024, CNP stock price declined to $28.94 with 1,070,951 million shares trading.

CNP has a beta of 0.25, meaning it tends to be less sensitive to market movements. CNP has a correlation of 0.04 to the broad based SPY ETF.

CNP has a market cap of $18.32 billion. This is considered a Large Cap stock.

Last quarter Centerpoint Energy (Holding Co) reported $2 billion in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-514 million and met earnings estimates .

In the last 3 years, CNP stock traded as high as $33.50 and as low as $23.58.

The top ETF exchange traded funds that CNP belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

CNP stock has underperformed the market in the last year with a return of -3.6%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CNP shares. However, CNP has outperformed the market in the last 3 month and 2 week periods, returning +5.9% and +4.9%, while SPY returned +4.6% and -1.7%, respectively. This indicates CNP has been having a stronger performance recently.

CNP support price is $28.99 and resistance is $29.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNP stock will trade within this expected range on the day.