CenterPoint Energy (CNP) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNP shares.
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10 Wall Street research analysts have issued 12-month price targets for CenterPoint Energy's stock. Their CNP share price forecasts range from $28.00 to $35.00. On average, they anticipate the company's stock price to reach $32.10 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
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CenterPoint Energy's stock was trading at $29.99 at the beginning of the year. Since then, CNP shares have decreased by 10.4% and is now trading at $26.88.
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CenterPoint Energy saw a increase in short interest in August. As of August 31st, there was short interest totaling 13,290,000 shares, an increase of 18.7% from the August 15th total of 11,200,000 shares. Based on an average daily volume of 3,750,000 shares, the days-to-cover ratio is currently 3.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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CenterPoint Energy, Inc. (NYSE:CNP) posted its quarterly earnings results on Thursday, July, 27th. The utilities provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The utilities provider earned $1.88 billion during the quarter, compared to analyst estimates of $1.92 billion. CenterPoint Energy had a trailing twelve-month return on equity of 9.71% and a net margin of 8.28%. During the same period last year, the company posted $0.31 EPS.
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CenterPoint Energy announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.19 per share on Thursday, September 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for CNP.

ETFs with the largest weight of CenterPoint Energy (NYSE:CNP) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Utilities Select Sector SPDR Fund (XLU), Nuveen ESG Mid-Cap Value ETF (NUMV) and PGIM Jennison Focused Value ETF (PJFV).

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.78%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 46.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNP.

CenterPoint Energy updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $1.48-$1.50 for the period, compared to the consensus earnings per share estimate of $1.49. The company issued revenue guidance of -.

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.

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).

CenterPoint Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNP."

CenterPoint Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Capital International Investors (11.08%), BlackRock Inc. (8.01%), State Street Corp (5.31%), Capital Research Global Investors (3.89%), Boston Partners (3.40%) and Geode Capital Management LLC (2.11%). Insiders that own company stock include Barry T Smitherman, David J Lesar, Jason P Wells, Leslie D Biddle and Ted Pound.
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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.
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One share of CNP stock can currently be purchased for approximately $26.88.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $16.97 billion and generates $9.32 billion in revenue each year. The utilities provider earns $1.06 billion in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 8,986 workers across the globe.

CenterPoint Energy's mailing address is 1111 Louisiana Street, Houston TX, 77002. The official website for the company is www.centerpointenergy.com. The utilities provider can be reached via phone at (713) 207-1111 or via fax at 713-207-3169.