S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
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Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

CenterPoint Energy (CNP) Stock Price, News & Analysis

$28.77
+0.01 (+0.03%)
(As of 12/8/2023 08:56 PM ET)
Compare
Today's Range
$28.50
$28.90
50-Day Range
$25.75
$28.85
52-Week Range
$25.42
$31.48
Volume
5.59 million shs
Average Volume
4.09 million shs
Market Capitalization
$18.16 billion
P/E Ratio
23.02
Dividend Yield
2.78%
Price Target
$31.10

CenterPoint Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
8.1% Upside
$31.10 Price Target
Short Interest
Healthy
1.88% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.23
Upright™ Environmental Score
News Sentiment
1.39mentions of CenterPoint Energy in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$1.41 M Bought Last Quarter
Proj. Earnings Growth
8.00%
From $1.50 to $1.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Utilities Sector

33rd out of 85 stocks

Electric Services Industry

17th out of 39 stocks


CNP stock logo

About CenterPoint Energy Stock (NYSE:CNP)

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. 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. The Natural Gas segment engages in the intrastate natural gas sales, natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provision of home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. As of December 31, 2022, it served approximately 2,534,730 metered customers; owned 349 substations with transformer capacity of 78,956 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.

CNP Stock Price History

CNP Stock News Headlines

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See More Headlines
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Company Calendar

Ex-Dividend for 9/14 Dividend
8/16/2023
Dividend Payable
9/14/2023
Last Earnings
10/26/2023
Ex-Dividend for 12/14 Dividend
11/15/2023
Today
12/10/2023
Dividend Payable
12/14/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/16/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
15189T10
Employees
8,986
Year Founded
1866

Price Target and Rating

Average Stock Price Target
$31.10
High Stock Price Target
$35.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
12.31%

Debt

Sales & Book Value

Annual Sales
$9.32 billion
Cash Flow
$3.51 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
630,088,000
Market Cap
$18.16 billion
Optionable
Optionable
Beta
0.89

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Key Executives

  • Mr. David John Lesar B.Sc. (Age 69)
    C.P.A., M.B.A., CEO & Director
    Comp: $5.39M
  • Mr. Jason P. WellsMr. Jason P. Wells (Age 45)
    President & COO
    Comp: $1.72M
  • Ms. Monica Karuturi (Age 44)
    Executive VP & General Counsel
    Comp: $1.39M
  • Mr. Christopher A. FosterMr. Christopher A. Foster (Age 44)
    Executive VP & CFO
  • Mr. Russell Keith Wright (Age 39)
    Vice President, Financial Planning & Analysis and Interim Chief Accounting Officer
  • Mr. Kenneth E. Coleman
    Senior VP & Chief Information Officer
  • Jacqueline M. Richert (Age 39)
    Vice President of Investor Relations & Treasurer
  • Ms. Carol R. Helliker (Age 62)
    Chief Ethics & Compliance Officer, Senior VP & Deputy General Counsel
  • Ms. Lynne Louise Harkel-Rumford (Age 66)
    Executive VP & Chief Human Resources Officer
  • Mr. Jason Michael Ryan (Age 47)
    Executive Vice President of Regulatory Services & Government Affairs

Should I Buy CenterPoint Energy Stock? CNP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of CenterPoint Energy was last updated on Tuesday, November 28, 2023 at 10:38 PM.

Pros

Here are some ways that investors could benefit from investing in CenterPoint Energy, Inc.:

  • Stable and established public utility holding company operating in the United States.
  • Diversified operations in both the Electric and Natural Gas segments.
  • Strong customer base with approximately 2,534,730 metered customers.
  • Owns and operates significant infrastructure assets, including substations and intrastate pipelines.
  • Potential for steady revenue streams from electric transmission and distribution services, natural gas sales, and transportation.

Cons

Investors should be bearish about investing in CenterPoint Energy, Inc. for these reasons:

  • Recent stock price pullback of 3.5% may indicate short-term volatility.
  • Dependence on regulatory approvals and compliance in the highly regulated utility industry.
  • Potential risks associated with changes in energy policies and regulations.
  • Competition from other utility companies in the market.
  • Uncertainty in the energy market and potential impact on future demand and pricing.














CNP Stock Analysis - Frequently Asked Questions

Should I buy or sell CenterPoint Energy stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNP shares.
View CNP analyst ratings
or view top-rated stocks.

What is CenterPoint Energy's stock price target for 2024?

9 analysts have issued twelve-month price objectives for CenterPoint Energy's stock. Their CNP share price targets range from $27.00 to $35.00. On average, they anticipate the company's stock price to reach $31.10 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for CNP
or view top-rated stocks among Wall Street analysts.

How have CNP shares performed in 2023?

CenterPoint Energy's stock was trading at $29.99 at the beginning of 2023. Since then, CNP stock has decreased by 4.1% and is now trading at $28.77.
View the best growth stocks for 2023 here
.

Are investors shorting CenterPoint Energy?

CenterPoint Energy saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 11,960,000 shares, a decline of 5.7% from the October 15th total of 12,680,000 shares. Based on an average trading volume of 4,540,000 shares, the days-to-cover ratio is currently 2.6 days.
View CenterPoint Energy's Short Interest
.

When is CenterPoint Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our CNP earnings forecast
.

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) posted its earnings results on Thursday, October, 26th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The utilities provider had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $2.09 billion. CenterPoint Energy had a net margin of 9.18% and a trailing twelve-month return on equity of 10.28%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share.
Read the conference call transcript
.

How often does CenterPoint Energy pay dividends? What is the dividend yield for CenterPoint Energy?

CenterPoint Energy declared a quarterly dividend on Thursday, September 28th. Investors of record on Thursday, November 16th will be paid a dividend of $0.20 per share on Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for CNP
.

Is CenterPoint Energy a good dividend stock?

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.78%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 64.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 49.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNP.

What guidance has CenterPoint Energy issued on next quarter's earnings?

CenterPoint Energy issued an update on its FY24 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $1.61-1.63 for the period, compared to the consensus earnings per share estimate of $1.62.

What is David J. Lesar's approval rating as CenterPoint Energy's CEO?

9 employees have rated CenterPoint Energy Chief Executive Officer David J. Lesar on Glassdoor.com. David J. Lesar has an approval rating of 100% among the company's employees. This puts David J. Lesar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of CenterPoint Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CenterPoint Energy investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Exxon Mobil (XOM), Chevron (CVX), Pfizer (PFE), Cisco Systems (CSCO), CVS Health (CVS), General Electric (GE) and Ford Motor (F).

Who are CenterPoint Energy's major shareholders?

CenterPoint Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Boston Partners (3.14%), Deutsche Bank AG (2.78%), Deutsche Bank AG (2.78%), Jennison Associates LLC (1.35%), Invesco Ltd. (1.31%) and Morgan Stanley (1.25%). Insiders that own company stock include Barry T Smitherman, Christopher A Foster, David J Lesar, David J Lesar, Jason P Wells, Jason P Wells, Leslie D Biddle and Ted Pound.
View institutional ownership trends
.

How do I buy shares of CenterPoint Energy?

Shares of CNP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does CenterPoint Energy have any subsidiaries?
The following companies are subsidiares of CenterPoint Energy: Asgard Energy, CenterPoint Energy Houston Electric LLC, CenterPoint Energy Investment Management Inc., CenterPoint Energy Midstream Inc. , CenterPoint Energy Resources Corp. , Continuum Energy, Indiana Gas Company Inc, Southern Indiana Gas and Electric Company, Utility Holding LLC, Vectren Corporation, Vectren Energy Delivery of Ohio Inc., and Vectren Utility Holdings Inc..
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This page (NYSE:CNP) was last updated on 12/11/2023 by MarketBeat.com Staff

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