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NYSE:CNP

CenterPoint Energy (CNP) Stock Forecast, Price & News

$28.30
-0.09 (-0.32%)
(As of 09/22/2023 ET)
Compare
Today's Range
$28.24
$28.55
50-Day Range
$27.33
$31.21
52-Week Range
$25.03
$33.50
Volume
2.71 million shs
Average Volume
3.87 million shs
Market Capitalization
$17.86 billion
P/E Ratio
24.61
Dividend Yield
2.69%
Price Target
$32.10

CenterPoint Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
13.4% Upside
$32.10 Price Target
Short Interest
Healthy
2.11% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.23
Upright™ Environmental Score
News Sentiment
1.35mentions of CenterPoint Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.72%
From $1.49 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.

2.70 out of 5 stars

Utilities Sector

25th out of 86 stocks

Electric Services Industry

13th out of 41 stocks


CNP stock logo

About CenterPoint Energy (NYSE:CNP) Stock

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 Price History

CNP Stock News Headlines

The Top 4 Utilities for Value, Yield, and Upside Potential
The utility sector will be among the fastest growing in Q3 2023, and these 4 stocks are in the best position to deliver capital appreciation and high yield
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
CenterPoint Energy, Inc. (NYSE:CNP) Short Interest Up 18.7% in August
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
CenterPoint Energy appoints new Independent Board Chair
CenterPoint Energy Prices Offering Of $900 Mln Sr. Notes
Q2 2023 CenterPoint Energy Inc Earnings Call
See More Headlines
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CNP Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/14 Dividend
8/16/2023
Dividend Payable
9/14/2023
Today
9/22/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$32.10
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
11.47%

Debt

Sales & Book Value

Annual Sales
$9.32 billion
Cash Flow
$3.46 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
630,048,000
Market Cap
$17.94 billion
Optionable
Optionable
Beta
0.89

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Key Executives

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













CNP Stock - Frequently Asked Questions

Should I buy or sell CenterPoint Energy stock right now?

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.
View CNP analyst ratings
or view top-rated stocks.

What is CenterPoint Energy's stock price forecast for 2023?

10 brokerages 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 expect the company's stock price to reach $32.10 in the next twelve months. This suggests a possible upside of 12.9% 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 the year. Since then, CNP stock has decreased by 5.2% and is now trading at $28.42.
View the best growth stocks for 2023 here
.

Are investors shorting CenterPoint Energy?

CenterPoint Energy saw a increase in short interest during 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
.

When is CenterPoint Energy's next earnings date?

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

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) announced its earnings results on Thursday, July, 27th. The utilities provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The utilities provider earned $1.88 billion during the quarter, compared to analysts' expectations 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 in the prior year, the business earned $0.31 EPS.
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 Wednesday, July 19th. Investors 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 2.67%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for CNP
.

Is CenterPoint Energy a good dividend stock?

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.64%. 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.

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

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

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).

What is CenterPoint Energy's stock symbol?

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

Who are CenterPoint Energy's major shareholders?

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.
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.

What is CenterPoint Energy's stock price today?

One share of CNP stock can currently be purchased for approximately $28.42.

How much money does CenterPoint Energy make?

CenterPoint Energy (NYSE:CNP) has a market capitalization of $17.94 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.

How many employees does CenterPoint Energy have?

The company employs 8,986 workers across the globe.

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..
Read More
How can I contact CenterPoint Energy?

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.

This page (NYSE:CNP) was last updated on 9/22/2023 by MarketBeat.com Staff

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