CenterPoint Energy (CNP) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNP shares.
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8 brokers have issued 1-year price objectives for CenterPoint Energy's shares. Their CNP share price forecasts range from $30.00 to $35.00. On average, they expect the company's share price to reach $32.44 in the next twelve months. This suggests a possible upside of 11.3% 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 2.8% and is now trading at $29.14.
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CenterPoint Energy saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,510,000 shares, a decrease of 8.7% from the April 30th total of 8,230,000 shares. Based on an average trading volume of 3,900,000 shares, the days-to-cover ratio is presently 1.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CNP earnings forecast.

CenterPoint Energy, Inc. (NYSE:CNP) issued its quarterly earnings data on Thursday, April, 27th. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The utilities provider earned $2.78 billion during the quarter, compared to the consensus estimate of $2.79 billion. CenterPoint Energy had a net margin of 8.99% and a trailing twelve-month return on equity of 9.97%. During the same period in the previous year, the company posted $0.47 EPS.
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CenterPoint Energy declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.19 per share on Thursday, June 8th. This represents a $0.76 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Wednesday, May 17th.
Read our dividend analysis for CNP.

ETFs with the largest weight of CenterPoint Energy (NYSE:CNP) stock in their portfolio include Invesco S&P 500 Equal Weight Utilities ETF (RYU), BTD Capital Fund (DIP), Invesco Real Assets ESG ETF (IVRA), First Trust Utilities AlphaDEX Fund (FXU), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco DWA Utilities Momentum ETF (PUI), Nuveen ESG Mid-Cap Value ETF (NUMV) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT).

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.66%. 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 60.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 47.20% 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, April, 27th. The company provided earnings per share guidance of $1.48-$1.50 for the period, compared to the consensus 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.20%), State Street Corp (5.24%), Boston Partners (3.96%), Deutsche Bank AG (3.49%), Geode Capital Management LLC (2.06%) and Pictet Asset Management SA (1.54%). 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 $29.14.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $18.39 billion and generates $9.32 billion in revenue each year. The utilities provider earns $1.06 billion in net income (profit) each year or $1.26 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.