CenterPoint Energy Stock Price, News & Analysis (NYSE:CNP)

9 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNP shares.
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9 equities research analysts have issued 1-year target prices for CenterPoint Energy's stock. Their CNP share price targets range from $27.00 to $35.00. On average, they expect the company's share price to reach $31.10 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
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CenterPoint Energy's stock was trading at $29.99 at the beginning of 2023. Since then, CNP shares have decreased by 6.1% and is now trading at $28.15.
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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 daily volume of 4,540,000 shares, the short-interest ratio is presently 2.6 days.
View CenterPoint Energy's Short Interest.

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

CenterPoint Energy, Inc. (NYSE:CNP) issued its quarterly earnings data 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 analyst estimates 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 business posted $0.32 EPS.
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CenterPoint Energy declared a quarterly dividend on Thursday, September 28th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.20 per share on Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. 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.

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.88%. 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.

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 updated its FY24 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $1.61-1.63 for the period, compared to the consensus EPS estimate of $1.62.

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's stock is owned by a number of 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, David J Lesar, David J Lesar, Jason P Wells, 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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