CenterPoint Energy, Inc. (NYSE:CNP) has earned an average rating of "Hold" from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.90.
Several equities analysts have commented on CNP shares. Evercore ISI reiterated a "buy" rating and issued a $26.00 target price on shares of CenterPoint Energy in a research report on Friday, August 6th. Barclays increased their price target on CenterPoint Energy from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 25th. Citigroup initiated coverage on CenterPoint Energy in a research note on Monday, June 14th. They issued a "neutral" rating for the company. Bank of America raised CenterPoint Energy from a "neutral" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Monday, May 24th. Finally, initiated coverage on CenterPoint Energy in a research note on Monday, June 14th. They issued a "neutral" rating for the company.
Shares of CNP stock traded up $0.28 on Monday, hitting $24.71. 9,682,378 shares of the company's stock were exchanged, compared to its average volume of 5,319,937. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.54 and a quick ratio of 1.41. CenterPoint Energy has a 12 month low of $18.60 and a 12 month high of $27.19. The stock has a market cap of $14.65 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.61 and a beta of 0.98. The company has a 50 day moving average of $25.76 and a 200 day moving average of $24.61.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 5th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.63 billion. CenterPoint Energy had a return on equity of 17.22% and a net margin of 11.74%. During the same period last year, the company earned $0.21 earnings per share. Sell-side analysts predict that CenterPoint Energy will post 1.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Stockholders of record on Thursday, August 19th were issued a $0.16 dividend. The ex-dividend date was Wednesday, August 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.59%. CenterPoint Energy's dividend payout ratio is presently 45.71%.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CenterPoint Energy by 4.4% in the second quarter. Vanguard Group Inc. now owns 68,916,116 shares of the utilities provider's stock valued at $1,689,823,000 after purchasing an additional 2,914,909 shares in the last quarter. BlackRock Inc. lifted its holdings in CenterPoint Energy by 15.6% during the second quarter. BlackRock Inc. now owns 51,618,794 shares of the utilities provider's stock worth $1,265,690,000 after acquiring an additional 6,966,525 shares during the period. Capital International Investors lifted its holdings in CenterPoint Energy by 35.5% during the second quarter. Capital International Investors now owns 32,215,491 shares of the utilities provider's stock worth $789,924,000 after acquiring an additional 8,439,771 shares during the period. State Street Corp lifted its holdings in CenterPoint Energy by 4.0% during the second quarter. State Street Corp now owns 28,824,898 shares of the utilities provider's stock worth $706,786,000 after acquiring an additional 1,100,199 shares during the period. Finally, Boston Partners lifted its holdings in CenterPoint Energy by 0.3% during the second quarter. Boston Partners now owns 23,468,422 shares of the utilities provider's stock worth $575,534,000 after acquiring an additional 68,148 shares during the period. Institutional investors own 90.50% of the company's stock.
About CenterPoint Energy
CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: Houston Electric Transmission & Distribution (T&D); Indiana Electric Integrated; Natural Gas Distribution; Energy Services; Infrastructure Services; Midstream Investments; and Corporate and Other.
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