CenterPoint Energy Inc Stock Research

Market Summary

USD29.46+0.12

Market Closed

0.41%

CNP Alerts

Big fall in earnings (Y/Y)

CNP Stock Price

CNP RSI Chart

CNP Valuation

Market Cap

18.5B

Price/Earnings (Trailing)

17.55

Price/Sales (Trailing)

1.99

EV/EBITDA

6.83

Price/Free Cashflow

10.25

CNP Price/Sales (Trailing)

CNP Profitability

EBT Margin

15.20%

Return on Equity

10.53%

Return on Assets

2.74%

Free Cashflow Yield

9.76%

CNP Fundamentals

CNP Revenue

Revenue (TTM)

9.3B

Revenue Y/Y

17.16%

Revenue Q/Q

42.46%

CNP Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-79.51%

Earnings Q/Q

-33.66%

Price Action

52 Week Range

24.7133.08

(Low)(High)

Last 7 days

4.0%

Last 30 days

7.7%

Last 90 days

-1.1%

Trailing 12 Months

-1.5%

CNP Financial Health

Current Ratio

0.92

Debt/Equity

1.55

Debt/Cashflow

0.13

CNP Investor Care

Shares Dilution (1Y)

0.10%

Diluted EPS (TTM)

1.59

Peers (Alternatives to CenterPoint Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
D	46.7B	17.2B	3.40%	-31.55%	46.97	2.72	22.99%	-69.77%
PEG	31.0B	9.8B	6.68%	-10.08%	30.1	3.17	0.80%	259.10%
WEC	29.9B	9.6B	9.50%	-2.14%	21.21	3.12	15.41%	8.56%
DTE	22.5B	19.2B	3.41%	-14.53%	20.8	1.17	28.50%	19.40%
CNP	18.5B	9.3B	7.68%	-1.55%	17.55	1.99	11.60%	-28.87%
NI	11.5B	5.9B	4.21%	-9.83%	14.33	1.97	19.41%	37.48%
MID-CAP
NRG	7.9B	31.5B	3.85%	-8.19%	6.45	0.25	16.87%	-44.17%
BKH	4.1B	2.6B	3.21%	-16.03%	15.84	1.6	30.92%	9.14%
NWE	3.5B	1.5B	1.81%	-3.29%	18.89	2.34	7.69%	-2.05%
AVA	3.2B	1.7B	4.58%	-2.99%	20.5	1.83	20.61%	5.32%
SJW	2.3B	620.7M	2.41%	11.27%	31.26	3.72	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	1.92%	-24.98%	32.47	8.48	13.48%	16.11%
UTL	915.1M	563.2M	7.04%	16.89%	22.1	1.62	18.99%	14.68%
GWRS	291.7M	44.7M	-3.94%	-24.21%	52.98	6.52	6.71%	52.56%
CDZI	205.2M	1.1M	-4.27%	95.17%	-8.62	192.14	90.04%	28.68%

Financials for CenterPoint Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.4%	9,321	8,924	8,770	8,568	8,352
Costs and Expenses	5.1%	7,755	7,376	7,328	7,181	6,989
EBITDA	2.5%	2,705	2,639	1,604	2,573	-
EBITDA Margin	-1.9%	0.29*	0.30*	0.18*	0.30*	-
Earnings Before Taxes	6.1%	1,417	1,336	1,242	1,179	778
EBT Margin	1.5%	0.15*	0.15*	0.03*	0.15*	-
Net Income	-33.0%	1,057	1,577	1,593	1,654	1,486
Net Income Margin	-35.8%	0.11*	0.18*	0.18*	0.19*	-
Free Cahsflow	-2.9%	1,810	1,864	2,076	2,283	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.0%	38,546	36,719	36,216	35,202	37,679
Current Assets	15.1%	4,699	4,083	4,443	4,188	7,355
Cash Equivalents	-35.1%	74.00	114	555	125	230
Net PPE	4.8%	27,143	25,910	25,015	24,213	23,484
Goodwill	0%	4,294	4,294	4,294	4,294	4,294
Current Liabilities	10.9%	5,113	4,611	4,318	4,605	4,287
. Short Term Borrowings	-0.6%	511	514	7.00	-	7.00
Long Term Debt	-	15,558	-	-	-	-
LT Debt, Non Current	10.4%	14,836	13,435	13,237	12,106	15,558
Shareholder's Equity	0.5%	10,042	9,989	10,023	9,951	9,415
Retained Earnings	-1.4%	709	719	768	685	154
Additional Paid-In Capital	0.1%	8,568	8,557	8,544	8,532	8,529
Accumulated Depreciation	1.4%	10,568	10,421	10,282	10,189	-
Shares Outstanding	0.0%	630	630	629	629	629

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-2.9%	1,810	1,864	2,076	2,283	22.00
Cashflow From Investing	-6883.3%	-1,628	24.00	467	687	-1,851
Cashflow From Financing	82.0%	-345	-1,914	-2,123	-2,990	1,916
Dividend Payments	1.1%	440	435	416	404	385

Risks for CNP

What is the probability of a big loss on CNP?

30%

Probability that CenterPoint Energy stock will be more than 20% underwater in next one year

19.6%

Probability that CenterPoint Energy stock will be more than 30% underwater in next one year.

19.6%

Probability that CenterPoint Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CNP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CenterPoint Energy was unfortunately bought at previous high price.

Drawdowns

Returns for CNP

Cumulative Returns on CNP

6.0%

10-Year Cumulative Returns

8.5%

7-Year Cumulative Returns

4.8%

5-Year Cumulative Returns

27.3%

3-Year Cumulative Returns

What are the long-term rolling returns for CNP?

FIve years rolling returns for CenterPoint Energy.

Annualized Returns

Which funds bought or sold CNP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	added	90.15	366,000	724,000	0.49%
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	unchanged	-	45,153	740,153	0.02%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.61	221,984	4,930,810	0.04%
2023-03-17	American Portfolios Advisors	added	7.66	2,250	89,866	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	226,299	226,299	0.01%
2023-03-10	MATHER GROUP, LLC.	new	-	206,601	206,601	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	10.09	8,464,620	57,792,600	0.06%
2023-03-06	Rockefeller Capital Management L.P.	added	17.31	46,000	233,000	-%
2023-03-03	Crumly & Associates Inc.	sold off	-100	-281,000	-	-%
2023-03-03	TIAA, FSB	reduced	-16.57	-30,039	238,961	-%

Latest Funds Activity

Are funds buying CNP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CNP

No. of Funds

CNP Alerts

Big fall in earnings (Y/Y)

CenterPoint Energy News

Schedule 13G FIlings of CenterPoint Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	12.9%	81,461,773	SC 13G/A
Feb 09, 2023	vanguard group inc	12.17%	76,579,412	SC 13G/A
Feb 06, 2023	state street corp	5.42%	34,099,231	SC 13G/A
Feb 03, 2023	blackrock inc.	8.3%	52,206,040	SC 13G/A
Feb 11, 2022	capital international investors	7.6%	48,016,611	SC 13G/A
Feb 09, 2022	vanguard group inc	11.45%	72,003,301	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	state street corp	4.81%	30,247,147	SC 13G/A
Feb 03, 2022	blackrock inc.	9.9%	62,536,246	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	1.6%	9,169,585	SC 13G/A

CNP Fair Value

CenterPoint Energy fair value in different scenarios

The table shows the Fair Value estimates for CenterPoint Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	18.52 -37.14%	22.36 -24.10%	30.90 4.89%	51.12 73.52%	61.89 110.08%
Current Inflation	17.37 -41.04%	20.85 -29.23%	27.64 -6.18%	44.62 51.46%	53.58 81.87%
Very High Inflation	15.90 -46.03%	18.94 -35.71%	23.76 -19.35%	37.11 25.97%	44.06 49.56%

Historical CenterPoint Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of CenterPoint Energy

View All Filings

Date Filed	Form Type	Document
Mar 29, 2023	PX14A6G	PX14A6G
Mar 27, 2023	8-K	Current Report
Mar 16, 2023	8-K	Current Report
Mar 15, 2023	8-K	Current Report
Mar 14, 2023	4	Insider Trading
Mar 13, 2023	8-K	Current Report
Mar 10, 2023	DEFA14A	DEFA14A
Mar 10, 2023	DEF 14A	DEF 14A
Mar 09, 2023	ARS	ARS
Feb 22, 2023	4	Insider Trading

Latest Insider Trading transactions for CNP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	LESAR DAVID J	acquired	-	-	278,412	ceo
2023-03-10	LESAR DAVID J	sold	-	-	-278,412	ceo
2023-02-21	Karuturi Monica	sold (taxes)	-61,633	29.21	-2,110	evp and general counsel
2023-02-21	Ryan Jason Michael	sold (taxes)	-106,470	29.21	-3,645	evp, reg. svcs. & gov. affairs
2023-02-21	Harkel-Rumford Lynne Louise	sold (taxes)	-29,911	29.21	-1,024	evp and chief hr officer
2023-02-21	Ryan Kara Gostenhofer	sold (taxes)	-6,134	29.21	-210	vice president and cao
2023-02-17	LESAR DAVID J	sold (taxes)	-5,862,210	29.21	-200,692	ceo
2023-02-17	Ryan Kara Gostenhofer	acquired	-	-	3,300	vice president and cao
2023-02-17	LESAR DAVID J	acquired	-	-	510,016	ceo
2023-02-17	Ryan Jason Michael	acquired	-	-	43,224	evp, reg. svcs. & gov. affairs

About CenterPoint Energy

David J. Lesar

www.centerpointenergy.com

12900

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, and Texas and Louisiana through a third party. This segment also engages in the sale of regulated intrastate natural gas, and transportation and storage of natural gas for residential, commercial, industrial, and transportation customers. As of December 31, 2021, it served approximately 2.7 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 71,241 megavolt amperes; operated approximately 1,00,000 linear miles of natural gas distribution and transmission mains; and owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.

CNP Income Statement

2022-12-31

STATEMENTS OF CONSOLIDATED INCOME - USD ($) shares in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Utility revenues			$ 9,018,000,000	$ 8,042,000,000	$ 7,049,000,000
Non-utility revenues			303,000,000	310,000,000	369,000,000
Total			9,321,000,000	8,352,000,000	7,418,000,000
Expenses:
Utility natural gas, fuel and purchased power			2,887,000,000	2,127,000,000	1,488,000,000
Non-utility cost of revenues, including natural gas			204,000,000	208,000,000	257,000,000
Operation and maintenance			2,833,000,000	2,810,000,000	2,744,000,000
Depreciation and amortization			1,288,000,000	1,316,000,000	1,189,000,000
Taxes other than income taxes			543,000,000	528,000,000	516,000,000
Goodwill impairment	$ 0	$ 0	0	0	185,000,000
Total			7,755,000,000	6,989,000,000	6,379,000,000
Operating Income			1,566,000,000	1,363,000,000	1,039,000,000
Other Income (Expense):
Gain (loss) on equity securities			(227,000,000)	(172,000,000)	49,000,000
Gain (loss) on indexed debt securities			325,000,000	50,000,000	(60,000,000)
Gain on sale			303,000,000	8,000,000	0
Interest expense and other finance charges			(511,000,000)	(508,000,000)	(501,000,000)
Interest expense on Securitization Bonds			(13,000,000)	(21,000,000)	(28,000,000)
Other income (expense), net			(26,000,000)	58,000,000	64,000,000
Total			(149,000,000)	(585,000,000)	(476,000,000)
Income from Continuing Operations Before Income Taxes			1,417,000,000	778,000,000	563,000,000
Income tax expense			360,000,000	110,000,000	80,000,000
Income From Continuing Operations			1,057,000,000	668,000,000	483,000,000
Net Income (Loss)			1,057,000,000	1,486,000,000	(773,000,000)
Income allocated to preferred shareholders			49,000,000	95,000,000	176,000,000
Income (Loss) Available to Common Shareholders			$ 1,008,000,000	$ 1,391,000,000	$ (949,000,000)
Earnings (loss) per common share:
Basic earnings per common share - continuing operations (in dollars per share)			$ 1.60	$ 0.97	$ 0.58
Basic earnings (loss) per common share - discontinued operations (in dollars per share)			0	1.38	(2.37)
Basic Earnings (Loss) Per Common Share (in dollars per share)			1.60	2.35	(1.79)
Basic Earnings (Loss) Per Common Share
Diluted earnings per common share - continuing operations (in dollars per share)			1.59	0.94	0.58
Diluted earnings (loss) per common share - discontinued operations (in dollars per share)			0	1.34	(2.37)
Diluted Earnings (Loss) Per Common Share (in dollars per share)			$ 1.59	$ 2.28	$ (1.79)
Weighted Average Common Shares Outstanding, Basic			629,415	592,933	531,031
Weighted Average Common Shares Outstanding, Diluted			632,346	609,938	531,031

CNP Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Restricted cash included in Prepaid expenses and other current assets	$ 74	$ 230
Investment in equity securities	510	1,439
Accounts receivable, less allowance for credit losses	889	690
Accrued unbilled revenue, less allowance for credit losses	764	513
Natural gas and coal inventory	241	186
Materials and supplies	635	422
Non-trading derivative assets	10	9
Taxes receivable	20	1
Current assets held for sale	0	2,338
Regulatory assets	1,385	1,395
Prepaid expenses and other current assets	171	132
Total current assets	4,699	7,355
Property, Plant and Equipment, net	27,143	23,484
Other Assets:
Goodwill	4,294	4,294
Total Non-Current Regulatory Assets	2,193	2,321
Non-trading derivative assets	2	5
Other non-current assets	215	220
Total other assets	6,704	6,840
Total Assets	38,546	37,679
Current Liabilities:
Short-term borrowings	511	7
Current portion of VIE Securitization Bonds long-term debt	156	220
Indexed debt, net	7	10
Current portion of other long-term debt	1,346	308
Indexed debt securities derivative	578	903
Accounts payable	1,352	1,196
Taxes accrued	298	378
Interest accrued	159	136
Dividends accrued	144	131
Customer deposits	110	111
Non-trading derivative liabilities	0	2
Current liabilities held for sale	0	562
Other	452	323
Total current liabilities	5,113	4,287
Other Liabilities:
Deferred income taxes, net	3,986	3,904
Non-trading derivative liabilities	0	12
Benefit obligations	547	511
Regulatory liabilities	3,245	3,153
Other	774	836
Total other liabilities	8,552	8,416
Long-term Debt, net:
VIE Securitization Bonds, net	161	317
Other long-term debt, net	14,675	15,241
Total long-term debt, net	14,836	15,558
Commitments and Contingencies (Note 15)
Temporary Equity (Note 12)	3	3
Shareholders’ Equity:
Cumulative preferred stock	790	790
Common stock	6	6
Additional paid-in capital	8,568	8,529
Retained earnings	709	154
Accumulated other comprehensive loss	(31)	(64)
Total shareholders’ equity	10,042	9,415
Total Liabilities and Shareholders’ Equity	$ 38,546	$ 37,679