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How to Buy Centrica Shares UK

Here I am going to introduce you to Centrica shares and how to buy them, providing key information that will help inform your decisions surrounding this particular stock.

Please remember that buying shares in Centrica and any stock comes with a degree of risk, and there are no guarantees when it comes to stock trading.

Also consider: Best stocks and shares to buy now

How to buy shares in centrica

How to buy shares in Centrica (CNA)

  1. Choose a trading platform. If you’re unsure which one to choose, see my guide to the best trading platforms UK.
  2. Open an account. You will need your national insurance number, personal ID and bank details.
  3. Enter payment details. Fund your new trading account via a debit card or bank transfer.
  4. Search for the stock code on your trading platform. Search for “CNA”.
  5. Research Centrica shares information. Your trading platform can show you the latest information for Centrica.
  6. Now buy your Centrica shares. Go ahead if you’re happy to buy Centrica stock.

Centrica (CNA) Live share price

Below you can see Centrica shares price live, subject stock exchange times and data update frequency.

Buying Centrica Shares: A Step by Step Guide

Here is a quick step-by-step guide to help you get started.

Step 1: Find a Trading Platform

The first step to buying Centrica shares is to select a trading platform like Interactive Investor. Trading platforms give you access to the market to buy or sell shares and to see the current share price.

Be mindful of selecting a legitimate and reputable platform or brokerage. Choose services that are regulated by the Financial Conduct Authority.

Step 2: Create an Account

Once you have found an appropriate platform or brokerage to trade with, you will need to create an account. Most services will ask you for personal details, including your National Insurance Number, identification (passport, driver’s license, utility bill), and your bank details.

Step 3: Research Centrica Shares

Now that you have an this set up, it is worth taking time to do some background research on these shares. This will help you find out the share prices, the past performance of the company, as well as other important information that will help you make an informed decision about buying shares.

Step 4: Deposit Funds into Account

In order to buy shares in Centrica, you will need to have money in your new account. Different platforms will offer similar payment methods, such as debit card payments or bank transfers. Others may provide eWallet services such as PayPal and Skrill.

Step 5: Search for Centrica Shares on Trading Platform

To buy or sell Centrica shares, you can search for the Centrica plc ticker. The ticker on the London Stock Exchange is “CNA”.

Step 6: Are you Ready to Buy Centrica Shares?

Whenever you are ready to buy Centrica shares, you are all set to go with your newly deposited funds.

Centrica plc: A Short History

Centrica plc was founded in the UK in 1997. It is an energy and services company that operates on a multinational basis. The headquarters of Centrica is Windsor in the county of Berkshire in the United Kingdom.

The well-known company British Gas, also known as Scottish Gas in Scotland, is a subsidiary of Centrica. Therefore Centrica supplies the most amount of gas to customers in the United Kingdom. It also supplies a considerable amount of electricity.

Centrica supplies other services as well, such as plumbing and household maintenance services. Centrica also operates through GB Gas Holdings Limited and Centrica Hive Limited. Centrica also owns the Bord Gáis Energy company based in Ireland.

The current chairman of Centrica is Scott Wheway, and the current group chief executive is Chris O’Shea. Centrica is a public limited company that is publicly traded on the London Stock Exchange. The stock exchange ticker for Centrica is CNA.

Things to Think About Before You Buy Centrica Shares

Here are some things I like to bear in mind before I buy or sell, or start trading with any shares.

Do Extensive Research

One of the best tips and things to consider before buying shares is to do some extensive research into the company before making any financial commitments. Doing research can only help you make a better and more informed decision.

By researching a company, you should be able to find their past performance, their growth over time, market data, net profit annually and quarterly, as well as their previous and current stock price. If you can find a forecast model, it is possible to see predictions from other investors and traders as to what the company’s future performance might be.

It is also worth comparing a company such as Centrica to others that operate in the same sector. If you are unsure about whether or not to buy shares or make an investment, you could seek personal advice by referring to a financial expert or professional who knows the company, the sector and the market.

Will Investing in Centrica Be Good for my Portfolio?

If you already have your money invested in other companies, a range of assets, or another business, you should consider how investing in Centrica will impact your existing portfolio.

Some investments can have adverse effects on existing investments, so be considerate of your current situation before leaping head first into buying more stocks or making a trade.

What are your Financial and Investment Goals?

Sometimes it can be very easy to forget why you are choosing to invest in a certain company’s stock. Another and very important thing to consider before you buy Centrica plc shares is to know what your financial and investment goals are.

What do you want to achieve with this investment? What can it mean for your personal finances? Are you looking to potentially make a quick profit or a long-term investment?

All of these things are worth thinking about and considering before you opt-in to buying shares. You must be prepared to take on the responsibility of owning shares and knowing what to do with them.

Buying Centrica Shares

It is possible for the public to buy shares in any company as long as it is listed on an authorised and regulated stock exchange/stock market. For Centrica, you can find their shares on the stock exchange.

The share price is subject to change on a very regular basis. The market is likely to fluctuate as well. A share price will typically change over the course of a market opening and closing in a single trading day. The trading day hours will vary depending on the stock exchange you are using. For the London Stock Exchange, the trading hours are between 08:00 and 16:30 GMT.

You can find a company’s stocks by searching for their name or by searching the ticker. The Centrica ticker is CNA.

Can I Sell my Centrica Shares?

Once you have purchased shares in Centrica, in the future, you might want to sell those shares, possibly for a profit. Selling shares is just as important as buying them, and knowing when to part ways is just as complicated as well.

If you are looking to sell assets in a business or company like Centrica, you should be able to do this via your chosen trading platform. You should be able to navigate to the share you want to sell and then locate a ‘sell’ option.

Once you have found the sell option on your platform, there should be another option to indicate how many shares you want to sell. If you do not want to trade all of your shares, you can choose how many.

Finding a Trading Platform

In order to buy and exchange shares in Centrica, you will need to find a trading platform or brokerage. Choosing the right trading platform can sometimes be difficult.

Different platforms and brokerages may specialise in a specific type of stock or, in some cases, a certain sector or industry. This should form part of your own research. There is no harm in doing some research of your own to find the best platform that suits you and your needs.

How to Open a New Trading Account

Finding a platform is only the first step. Once that is done, you will need to create a new trading account if you do not already have one.

Setting this up can be done via the platform or brokerage you have chosen. It can also be done by setting up an investment account with your bank. Banks will typically offer their customers a range of trading accounts, such as General Trading Accounts and ISAs.

To create an account, you will need to provide a few bits of personal details. You will need to fill out your full name and your home address. You will also need to supply a National Insurance Number and your bank details.

To verify your new account, you will need to submit a form of identification. This could be a passport, driver’s license, or even a utility bill with proof of address. The platform, brokerage or organisation you set up an account with will clarify the details they require from you.

Funding your Investments

Now that you have an account to buy and sell shares, you will need to deposit funds. Payment methods will vary depending on the platform or brokerage you use to make trades.

Funds are usually deposited via traditional methods such as debit card payments or a direct bank transfer. Others may provide the option to use an eWallet service such as Neteller, Skrill or PayPal.

Think carefully about how much money you are planning on spending on an investment. My personal recommendation is to only deposit the amount you intend on spending on an investment. Money that is sat in a trading account is unlikely to accumulate any interest.

Fees

Some platforms and brokerages are likely to charge fees for their services. This is likely to include deposit fees for trading apps and platforms such as eToro.

A lot of providers are moving away from charging little to no commission but will make this up by charging fees elsewhere. Brokers will typically charge commission for their services, and the amount will vary between brokerages.

Does Centrica Pay Any Dividends?

A dividend is essentially a payment made to shareholders by the company they have purchased shares in. The company’s earnings or profit is then split, and the number of shares owned by an individual will determine how much will be paid out to them.

Typically, dividends are distributed and divided per quarter. The payment is usually in the form of cash, or shareholders might get the option to reinvest a dividend payment in more stock.

You might also like: Best dividend shares to buy

Dividend Yield

A dividend yield basically shows an investor the amount a company will end up paying out to their shareholders as dividends on an annual basis relative to the price of the stock. The dividend yield is shown as a percentage.

Calculating the amount a company might pay out to their shareholders is not easy. Some experts can still get things muddled up.

To calculate a dividend yield, you simply take the number of annual dividends per share and then divide it by the price of each share. The result will be a percentage.

Are Centrica Shares Good to Buy?

It is very difficult to know whether a stock is going to be good to buy. Predicting where the share price may end up or where the market is heading is extremely difficult, and even experts and experienced investors can never know for certain.

The previous performance of a stock/share is never an accurate indicator of what the future performance might be. There is a lot of risk involved with making investments, and you should be ready to consider the long-term implications.

Shares in Centrica have been reported to be slightly above the average LSE volatility rate. This means that Centrica has a higher rate of volatility and is, therefore, a bit riskier as an investment opportunity.

I always make sure that I come to terms with my financial goals and what my objectives are when it comes to a new investment. I try to figure out how an investment is going to affect my existing portfolio.

FAQs About Buying Shares in Centrica Plc

Is Centrica plc still in the FTSE 100?

Yes, Centrica is still a listed on the FTSE 100. The Financial Times Stock Exchange 100 Index is comprised of 100 companies that have the highest market capitalisation listed on the stock exchange.

Is Centrica plc listed on the London Stock Exchange?

Yes, Centrica has a primary listing on the London Stock Exchange. The ticker is CNA.

Please note

The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future results. The tax implications of pension withdrawals will be based on your individual circumstances. Thresholds, percentage rates and tax legislation may change in subsequent Finance Acts. 

CFDs are complex financial instruments and more than half of retail investor accounts lose money when trading CFDs. Please make sure that you know these risks before you start trading and that you’re aware there’s a high chance of losing money rapidly on your investment.

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