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About CenterPoint Energy, Inc (Holding Co)
Sector
Industry
CEO
Jason P. Wells
Website
Headquarters
Houston
Founded
1866
ISIN
BRC1NPBDR002
FIGI
BBG00R2592Y5
CenterPoint Energy, Inc. is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: CenterPoint Energy, Houston Electric, and CERC. The CenterPoint Energy segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region. The Houston Electric segment consists of electric transmission services to transmission services customers in the ERCOT region and distribution services to REPs serving the Texas gulf coast area. The CERC segment covers the Restructuring consisting of intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas, and permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP. The company was founded in 1866 and is headquartered in Houston, TX.
$CNP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CNP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
CenterPoint Energy Inc.Shares of CenterPoint Energy Inc. CNP, +0.33% inched 0.33% higher to $30.45 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +0.41% falling 0.73% to 3,934.38 and Dow Jones Industrial Average DJIA, +0.71% falling 0.90% to 33,476.46. T
BUY CNP The dividend payment is safe.
The utility sector outperform the S&P 500.
CenterPoint Energy also has a projected 6-8% adjusted utility EPS long-term growth from 2021 to 2025.
The new CEO has highly impressed us with his energy, vision, and passion for the business. We fully expect him to drive outpe
$CNP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CNP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 55.56%.
CNP - Breakout to Red ResistanceCNP has been in this up channel for awhile, constantly it has been rejected at the upper channel line
I believe it will breakout this time however with a test of a previous support in red
Green bars pattern showing the breakout to red line
CNP Bullish Price closed above the (weekly) trend line in addition to breaking out of the rising wedge on the daily.
The close above 1 Fibonacci level and 32.67 (prior resistance) is a bullish signal, especially given the strength of the candle.
D+ crossed th D- indicator on the ADX and the MACD is also cur
$CNP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CNP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
CNP about to break outUtility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.
CNP BullishYesterday's candle tested two fibonacci levels to close above the .382 level. Also the MACD is crossing and the 9ema is also crossing the 20 ema showing a strong short term up trend. The RSI is still cool.
I think CNP will return to its prior highs sooner than later.
Targeting: $25.81, $26.16
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