CenterPoint Energy - CNP Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNP shares.
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12 equities research analysts have issued 1-year price targets for CenterPoint Energy's stock. Their CNP share price forecasts range from $29.00 to $36.00. On average, they anticipate the company's stock price to reach $31.73 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
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CenterPoint Energy's stock was trading at $27.91 at the beginning of 2022. Since then, CNP stock has increased by 13.1% and is now trading at $31.58.
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CenterPoint Energy saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,830,000 shares, an increase of 31.6% from the June 30th total of 9,750,000 shares. Based on an average trading volume of 4,580,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.6% of the company's shares are short sold.
View CenterPoint Energy's Short Interest.

CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CNP earnings forecast.

CenterPoint Energy, Inc. (NYSE:CNP) posted its quarterly earnings results on Tuesday, August, 2nd. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. CenterPoint Energy had a trailing twelve-month return on equity of 10.92% and a net margin of 18.16%. During the same quarter in the prior year, the business earned $0.36 earnings per share.
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CenterPoint Energy announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.18 per share on Thursday, September 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 17th. This is a boost from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CNP.

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.16%. 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 27.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 44.74% 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 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $1.37-$1.39 for the period, compared to the consensus EPS estimate of $1.37. 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 number of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (1.31%), abrdn plc (0.88%), Ceredex Value Advisors LLC (0.60%), Victory Capital Management Inc. (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Thompson Siegel & Walmsley LLC (0.27%). Insiders that own company stock include Barry T Smitherman, David J Lesar, David J Lesar, Jason P Wells, Leslie D Biddle and Scott M Prochazka.
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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 $31.58.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $19.88 billion and generates $8.35 billion in revenue each year. The utilities provider earns $1.49 billion in net income (profit) each year or $2.43 on an earnings per share basis.

CenterPoint Energy employs 9,418 workers across the globe.

CenterPoint Energy was founded in 1866.

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.