CenterPoint Energy (CNP) Stock Forecast, Price & News

10 Wall Street 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 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNP shares.
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10 Wall Street analysts have issued 1 year price targets for CenterPoint Energy's shares. Their CNP share price forecasts range from $28.00 to $35.00. On average, they anticipate the company's share price to reach $32.10 in the next year. This suggests a possible upside of 19.6% 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 10.5% and is now trading at $26.85.
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CenterPoint Energy saw a increase in short interest in the month of 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.
View CenterPoint Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CNP earnings forecast.

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 analysts' consensus estimates of $0.27 by $0.01. The utilities provider had revenue of $1.88 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.31 EPS.
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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 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, November 15th. This is a boost from the stock's previous quarterly dividend of $0.19.
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 2.85%. 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 issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS 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."

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 $26.85.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $16.95 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.