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May 15, 2023

CNP to Pay $0.19 Dividend per Share on June 08, 2023

CenterPoint Energy (CNP), a prominent electric and natural gas utility company, is scheduled to pay dividends on June 08, 2023. Dividends provide an attractive opportunity for investors seeking regular income from their stock holdings. In this article, we will explore the upcoming dividend payment by CNP, its significance for investors, and an interesting pair trading opportunity with Pair Trader Electric Utilities, Services, Real Estate, Precious Metals (TA).

On June 08, 2023, CenterPoint Energy (CNP) is set to distribute a dividend of $0.19 per share. The record date for this dividend is also June 08, 2023, meaning shareholders who are registered on this date will receive the dividend. However, it's crucial to note that the ex-dividend date is on May 17, 2023, several business days before the record date.

The ex-dividend date is significant for investors as it determines whether they will be eligible to receive the upcoming dividend. If an investor purchases CNP shares on or after the ex-dividend date (May 17, 2023), they will not receive the dividend payment. Instead, the dividend amount is retained by the seller of the shares. On the other hand, if an investor buys CNP shares before the ex-dividend date, they become eligible to receive the dividend.

Pair trading is a popular trading strategy that involves taking both long and short positions in two correlated instruments to benefit from their relative performance. In this case, we can explore a pair trading opportunity with Pair Trader Electric Utilities, Services, Real Estate, Precious Metals (TA).

Pair trading involves analyzing the historical price relationship between two instruments and taking advantage of any deviations from their usual correlation. By going long on one stock and short on the other, traders can profit from the convergence of their prices.

To execute a pair trade involving CNP and TA, traders would need to conduct in-depth analysis of the price movements, historical correlations, and fundamental factors affecting these stocks. A quantitative approach using statistical models, such as cointegration and mean reversion, can be employed to identify optimal entry and exit points for the trade.

Related Ticker: CNP

CNP sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for CNP moved below the 200-day moving average on February 28, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CNP broke above its upper Bollinger Band on February 21, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CNP entered a downward trend on February 22, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where CNP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on March 04, 2024. You may want to consider a long position or call options on CNP as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CNP just turned positive on March 04, 2024. Looking at past instances where CNP's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

CNP moved above its 50-day moving average on March 04, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNP advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CNP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.825) is normal, around the industry mean (1.564). P/E Ratio (20.394) is within average values for comparable stocks, (21.537). Projected Growth (PEG Ratio) (2.124) is also within normal values, averaging (2.581). CNP has a moderately low Dividend Yield (0.028) as compared to the industry average of (0.051). P/S Ratio (2.034) is also within normal values, averaging (3.323).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CNP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.27B. The market cap for tickers in the group ranges from 500 to 112.82B. NEE holds the highest valuation in this group at 112.82B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was 1%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 1%. TLNE experienced the highest price growth at 22%, while NEWEN experienced the biggest fall at -13%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -3%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 73
Price Growth Rating: 50
SMR Rating: 79
Profit Risk Rating: 78
Seasonality Score: 9 (-100 ... +100)
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CNPDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of power generation and electrical distribution services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
1111 Louisiana
Phone
+1 713 207-1111
Employees
15001
Web
https://www.centerpointenergy.com
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CNP and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNP has been closely correlated with LNT. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNP jumps, then LNT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNP
1D Price
Change %
CNP100%
+1.82%
LNT - CNP
88%
Closely correlated
+1.70%
WEC - CNP
87%
Closely correlated
+1.70%
CMS - CNP
86%
Closely correlated
+1.43%
OGE - CNP
86%
Closely correlated
+2.10%
PPL - CNP
86%
Closely correlated
+2.30%
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