NYSE:CNP CenterPoint Energy (CNP) Stock Forecast, Price & News $28.30 -0.09 (-0.32%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$28.24▼$28.5550-Day Range$27.33▼$31.2152-Week Range$25.03▼$33.50Volume2.71 million shsAverage Volume3.87 million shsMarket Capitalization$17.86 billionP/E Ratio24.61Dividend Yield2.69%Price Target$32.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability CenterPoint Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside13.4% Upside$32.10 Price TargetShort InterestHealthy2.11% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-5.23Upright™ Environmental ScoreNews Sentiment1.35Based on 11 Articles This WeekInsider TradingN/AProj. Earnings Growth8.72%From $1.49 to $1.62 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector25th out of 86 stocksElectric Services Industry13th out of 41 stocks 3.3 Analyst's Opinion Consensus RatingCenterPoint Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.10, CenterPoint Energy has a forecasted upside of 13.4% from its current price of $28.30.Amount of Analyst CoverageCenterPoint Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.11% of the outstanding shares of CenterPoint Energy have been sold short.Short Interest Ratio / Days to CoverCenterPoint Energy has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CenterPoint Energy has recently increased by 18.66%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCenterPoint Energy pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCenterPoint Energy has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of CenterPoint Energy is 66.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CenterPoint Energy will have a dividend payout ratio of 46.91% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCenterPoint Energy has received a -28.59% net impact score from Upright. The largest negative impact of CenterPoint Energy in category "GHG emissions" seems to be driven mostly by its "Natural gas distribution services", "Construction of natural gas pipelines", and "Electric power transmission lines" products. See details.Environmental SustainabilityThe Environmental Impact score for CenterPoint Energy is -5.23. Previous Next 3.5 News and Social Media Coverage News SentimentCenterPoint Energy has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 11 news articles for CenterPoint Energy this week, compared to 6 articles on an average week.Search InterestOnly 2 people have searched for CNP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows7 people have added CenterPoint Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CenterPoint Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.18% of the stock of CenterPoint Energy is held by insiders.Percentage Held by Institutions88.96% of the stock of CenterPoint Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for CenterPoint Energy are expected to grow by 8.72% in the coming year, from $1.49 to $1.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CenterPoint Energy is 24.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.30.Price to Earnings Ratio vs. SectorThe P/E ratio of CenterPoint Energy is 24.61, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.20.Price to Earnings Growth RatioCenterPoint Energy has a PEG Ratio of 2.57. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCenterPoint Energy has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CenterPoint Energy (NYSE:CNP) StockCenterPoint 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.Read More CNP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNP Stock News HeadlinesSeptember 19, 2023 | marketbeat.comThe Top 4 Utilities for Value, Yield, and Upside PotentialThe 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 yieldSeptember 22, 2023 | americanbankingnews.comCenterPoint Energy, Inc. Forecasted to Earn Q4 2023 Earnings of $0.34 Per Share (NYSE:CNP)September 22, 2023 | Investor Place Media (Ad)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.September 21, 2023 | marketwatch.comCenterPoint Energy Inc. stock falls Thursday, still outperforms marketSeptember 19, 2023 | americanbankingnews.comCenterPoint Energy, Inc. (NYSE:CNP) Short Interest Up 18.7% in AugustSeptember 15, 2023 | finance.yahoo.comCenterPoint Energy (CNP) is a Top-Ranked Momentum Stock: Should You Buy?September 15, 2023 | americanbankingnews.comCenterPoint Energy, Inc. (NYSE:CNP) Given Consensus Recommendation of "Moderate Buy" by BrokeragesSeptember 8, 2023 | msn.comWhy CenterPoint Energy (CNP) Could Be a Triple Threat in Favor of the BullsSeptember 22, 2023 | Chaikin Analytics (Ad)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.September 7, 2023 | finance.yahoo.comCenterPoint Energy Inc (CNP): A Deep Dive into Its Performance PotentialAugust 24, 2023 | bizjournals.comCenterPoint Energy names new board chair 2 years after changing board structureAugust 23, 2023 | msn.comBarclays Initiates Coverage of Centerpoint Energy (CNP) with Underweight RecommendationAugust 21, 2023 | markets.businessinsider.comCenterPoint Energy appoints new Independent Board ChairAugust 4, 2023 | finance.yahoo.comConsolidated Edison (ED) Q2 Earnings Beat, Revenues Fall Y/YAugust 2, 2023 | markets.businessinsider.comCenterPoint Energy Prices Offering Of $900 Mln Sr. NotesAugust 2, 2023 | finance.yahoo.comCenterPoint Energy, Inc. Announces Pricing of Offering of $900 Million of 4.25% Convertible Senior Notes Due 2026August 1, 2023 | finance.yahoo.comLongest Convertible-Bond Drought in Seven Years Is Finally OverAugust 1, 2023 | finance.yahoo.comCenterPoint Energy revenue drops in Q2, misses analyst expectationsJuly 29, 2023 | msn.comMizuho Downgrades Centerpoint Energy (CNP)July 28, 2023 | finance.yahoo.comCenterPoint (CNP) Q2 Earnings: How Key Metrics Compare to Wall Street EstimatesJuly 28, 2023 | markets.businessinsider.comAnalysts Are Neutral on Top Utilities Stocks: Centerpoint Energy (CNP), Fomento Economico Mexicano (FMX)July 28, 2023 | finance.yahoo.comQ2 2023 CenterPoint Energy Inc Earnings CallJuly 27, 2023 | msn.comCenterPoint Energy (CNP) Q2 Earnings and Revenues Lag EstimatesJuly 27, 2023 | finance.yahoo.comCenterPoint Energy (CNP) Q2 Earnings Miss, Revenues Down Y/YJuly 27, 2023 | seekingalpha.comCenterPoint Energy, Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 27, 2023 | reuters.comCenterPoint Energy second-quarter profit drops 41%July 27, 2023 | finance.yahoo.comCenterPoint Energy Reports Continued Strong Earnings Results, Reiterates 2023 Guidance, and Raises 2023 Capital PlanSee More Headlines Receive CNP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CenterPoint Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address CNP Company Calendar Last Earnings7/27/2023Ex-Dividend for 9/14 Dividend8/16/2023Dividend Payable9/14/2023Today9/22/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryMulti-Utilities SectorUtilities Current SymbolNYSE:CNP CUSIP15189T10 CIK1130310 Webwww.centerpointenergy.com Phone(713) 207-1111Fax713-207-3169Employees8,986Year Founded1866Price 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 RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$1.15 Trailing P/E Ratio24.71 Forward P/E Ratio19.07 P/E Growth2.57Net Income$1.06 billion Net Margins8.28% Pretax Margin11.47% Return on Equity9.71% Return on Assets2.42% Debt Debt-to-Equity Ratio1.67 Current Ratio0.88 Quick Ratio0.65 Sales & Book Value Annual Sales$9.32 billion Price / Sales1.92 Cash Flow$3.46 per share Price / Cash Flow8.21 Book Value$14.70 per share Price / Book1.93Miscellaneous Outstanding Shares631,180,000Free Float630,048,000Market Cap$17.94 billion OptionableOptionable Beta0.89 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. David John Lesar B.Sc. (Age 69)C.P.A., CPA, M.B.A., CEO & Director Comp: $5.39MMr. Jason P. Wells (Age 45)Pres & COO Comp: $1.72MMs. Monica Karuturi (Age 44)Exec. VP & Gen. Counsel Comp: $1.39MMr. 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. ColemanSr. VP & Chief Information OfficerJacqueline 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 More ExecutivesKey CompetitorsDTE EnergyNYSE:DTEPPLNYSE:PPLCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBRFortisNYSE:FTSEntergyNYSE:ETRView All CompetitorsInsiders & InstitutionsBarclays PLCBought 547,397 shares on 9/21/2023Ownership: 0.251%Farther Finance Advisors LLCSold 778 shares on 9/12/2023Ownership: 0.000%Portside Wealth Group LLCBought 15,184 shares on 9/1/2023Ownership: 0.002%Stonebridge Capital Advisors LLCSold 385 shares on 8/23/2023Ownership: 0.000%Comerica BankBought 1,569 shares on 8/22/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold CenterPoint Energy's stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding CenterPoint Energy, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.