CenterPoint Energy (NYSE:CNP) Issues FY 2025 Earnings Guidance

CenterPoint Energy (NYSE:CNP - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.740-1.760 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of -.

CenterPoint Energy Price Performance

Shares of NYSE CNP traded up $0.53 during mid-day trading on Friday, reaching $38.37. The company had a trading volume of 5,428,989 shares, compared to its average volume of 5,017,015. CenterPoint Energy has a 1-year low of $25.41 and a 1-year high of $39.31. The company has a 50-day moving average price of $36.65 and a two-hundred day moving average price of $35.60. The stock has a market cap of $25.05 billion, a PE ratio of 26.83, a P/E/G ratio of 2.77 and a beta of 0.57. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same period last year, the business earned $0.36 EPS. On average, equities analysts anticipate that CenterPoint Energy will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, August 21st. CenterPoint Energy's dividend payout ratio is 59.06%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CNP shares. Jefferies Financial Group started coverage on shares of CenterPoint Energy in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 target price on the stock. Scotiabank increased their price objective on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a report on Friday. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Morgan Stanley reduced their price objective on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Finally, Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $30.00 to $37.00 in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, CenterPoint Energy presently has an average rating of "Hold" and a consensus price target of $37.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Woodline Partners LP lifted its holdings in CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock worth $1,995,000 after buying an additional 15,922 shares during the period. AQR Capital Management LLC lifted its position in CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider's stock valued at $2,757,000 after buying an additional 10,277 shares during the period. Brighton Jones LLC purchased a new position in CenterPoint Energy during the fourth quarter valued at $254,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider's stock valued at $2,525,000 after buying an additional 3,821 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider's stock worth $486,000 after purchasing an additional 1,384 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.