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CenterPoint Energy (CNP) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-10-16 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: CenterPoint Energy (CNP) - CNP currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - Over the past week, CNP shares increased by 0.98%, outperforming the Zacks Utility - Electric Power industry, which rose by 0.22% [5] - In the last month, CNP's price change was 4.76%, while the industry saw a performance of 6.11% [5] - For longer-term performance, CNP shares rose by 7.38% over the past quarter and 32.38% over the last year, compared to the S&P 500's increases of 7.25% and 16.06%, respectively [6] Trading Volume - CNP's average 20-day trading volume is 5,839,718 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for CNP have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.75 to $1.76 [9] - For the next fiscal year, four estimates have also moved higher without any downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CNP is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]
Eagle Global Reduces Western Midstream Partners, LP (WES) Holdings by 18.8%
Yahoo Finance· 2025-10-02 13:49
Group 1: Company Overview - Western Midstream Partners, LP (NYSE:WES) is a Texas-based midstream energy company with assets in Texas, New Mexico, and the Rocky Mountains, incorporated in 2007 and focused on improving lives through efficient energy delivery [4] Group 2: Financial Performance - The company has a solid dividend yield of over 9%, making it an attractive distribution play, particularly in the Delaware Basin [2] - Eagle Global Advisors LLC trimmed its stake in Western Midstream Partners by 18.8%, now holding 1,925,950 shares, reflecting an ownership of 0.51% and an investment of $74,534,000 [1] Group 3: Strategic Moves - Western Midstream Partners recently entered the water infrastructure market through the acquisition of Aris Water Solutions for $1.5 billion, expected to enhance offerings and contribute to free cash flow in the coming year [3] - The company is well-positioned to benefit from the surging demand for energy needs and data centers [3]