NYSE:CNP

CenterPoint Energy Stock Forecast, Price & News

$23.98

+0.52 (+2.22 %)

(As of 11/23/2020 12:00 AM ET)

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Today's Range

$23.54

Now: $23.98▼

$24.00

50-Day Range

$19.93

MA: $22.17▼

$25.17

52-Week Range

$11.58

Now: $23.98▼

$27.53

Volume5.90 million shs

Average Volume7.19 million shs

Market Capitalization$13.06 billion

P/E RatioN/A

Dividend Yield2.56%

Beta0.95

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company's Houston Electric T&D segment electric transmission and distribution services to electric utility. It owns 236 substation sites with a total installed rated transformer capacity of 68,053 megavolt amperes. Its Indiana Electric Integrated segment provides energy delivery services to electric customers and electric generation assets to electric customers and wholesale markets. The company's Natural Gas Distribution segment sells regulated intrastate natural gas; provides natural gas transportation and storage services for residential, commercial, industrial, and transportation customers; and offers unregulated services comprising home appliance maintenance and repair services. This segment owns approximately 98,000 linear miles of natural gas distribution mains. Its Energy Services segment provides physical natural gas supplies primarily to commercial and industrial customers, and electric and natural gas utilities; natural gas management services; and physical delivery services, as well as procures and optimizes transportation and storage assets. It owns and operates 210 miles of intrastate pipeline in Louisiana and Texas; and leases transportation capacity on various interstate and intrastate pipelines, and storage. The company's Infrastructure Services segment offers underground pipeline construction and repair services. Its Midstream Investment segment offers natural gas and crude oil gathering, and natural gas processing services to its producer customers; and interstate and intrastate natural gas pipeline transportation and storage services to its producer, power plant, local distribution company, and industrial end-user customers. As of March 2, 2020, it served approximately 7 million electric and natural gas metered customers. CenterPoint Energy, Inc. was founded in 1866 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
CenterPoint Energy has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 6 buy ratings, 10 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.94, CenterPoint Energy has a forecasted downside of 12.7% from its current price of $23.98.
Amount of Analyst Coverage
CenterPoint Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
CenterPoint Energy has received 401 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CenterPoint Energy has received 582 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CenterPoint Energy has received 59.21% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CenterPoint Energy and other stocks. Vote “Outperform” if you believe CNP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
CenterPoint Energy pays a meaningful dividend of 2.56%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CenterPoint Energy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of CenterPoint Energy is 33.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CenterPoint Energy will have a dividend payout ratio of 44.78% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CenterPoint Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.13% of the stock of CenterPoint Energy is held by insiders.
Percentage Held by Institutions
80.88% of the stock of CenterPoint Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for CenterPoint Energy are expected to grow by 1.52% in the coming year, from $1.32 to $1.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CenterPoint Energy is -12.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CenterPoint Energy is -12.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
CenterPoint Energy has a PEG Ratio of 3.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CenterPoint Energy has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.80 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryMulti-Utilities

SectorUtilities

Current SymbolNYSE:CNP

Previous Symbol

CUSIP15189T10

CIK1130310

Webwww.centerpointenergy.com

Phone713-207-1111

Employees14,262

Debt

Debt-to-Equity Ratio2.01

Current Ratio0.73

Quick Ratio0.59

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio18.17

P/E Growth3.55

Sales & Book Value

Annual Sales$12.30 billion

Price / Sales1.06

Cash Flow$4.55 per share

Price / Cash Flow5.27

Book Value$10.89 per share

Price / Book2.20

Profitability

EPS (Most Recent Fiscal Year)$1.79

Net Income$791 million

Net Margins-9.49%

Return on Equity14.78%

Return on Assets2.62%

Miscellaneous

Outstanding Shares544,821,000

Market Cap$13.06 billion

Next Earnings Date2/25/2021 (Confirmed)

OptionableOptionable

$23.98

+0.52 (+2.22 %)

(As of 11/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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CenterPoint Energy (NYSE:CNP) Frequently Asked Questions

How has CenterPoint Energy's stock price been impacted by COVID-19 (Coronavirus)?

CenterPoint Energy's stock was trading at $17.66 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CNP shares have increased by 35.8% and is now trading at $23.98.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of CenterPoint Energy?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for CenterPoint Energy.

What stocks does MarketBeat like better than CenterPoint Energy?

Wall Street analysts have given CenterPoint Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CenterPoint Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is CenterPoint Energy's next earnings date?

CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for CenterPoint Energy.

How can I listen to CenterPoint Energy's earnings call?

CenterPoint Energy will be holding an earnings conference call on Thursday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) announced its earnings results on Thursday, November, 5th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The utilities provider had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.72 billion. CenterPoint Energy had a positive return on equity of 14.78% and a negative net margin of 9.49%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share.
View CenterPoint Energy's earnings history.

How often does CenterPoint Energy pay dividends? What is the dividend yield for CenterPoint Energy?

CenterPoint Energy declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.15 per share on Thursday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, November 18th.
View CenterPoint Energy's dividend history.

What price target have analysts set for CNP?

16 Wall Street analysts have issued 12 month price targets for CenterPoint Energy's stock. Their forecasts range from $16.00 to $29.00. On average, they expect CenterPoint Energy's share price to reach $20.94 in the next twelve months. This suggests that the stock has a possible downside of 12.7%.
View analysts' price targets for CenterPoint Energy.

Who are some of CenterPoint Energy's key competitors?

Some companies that are related to CenterPoint Energy include Dominion Energy (D), Sempra Energy (SRE), WEC Energy Group (WEC), Public Service Enterprise Group (PEG), Consolidated Edison (ED), PG&E (PCG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA).
View all competitors.

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).

Who are CenterPoint Energy's key executives?

CenterPoint Energy's management team includes the following people:

Mr. Milton Carroll, Exec. Chairman (Age 70, Pay $754.3k)
Mr. Scott Edward Doyle, Exec. VP of Natural Gas (Age 48, Pay $838.55k)
Mr. David John Lesar CPA, Pres, CEO & Director (Age 66)
Mr. Jason P. Wells, Exec. VP & CFO (Age 42)
Ms. Kristie L. Colvin, Sr. VP & Chief Accounting Officer (Age 56)
Mr. David Mordy, Director of Investor Relations
Ms. Carol R. Helliker, Chief Ethics & Compliance Officer, Sr. VP & Deputy Gen. Counsel (Age 59)
Ms. Monica Karuturi, Sr. VP & Gen. Counsel
Floyd J. LeBlanc, VP of Corp. Communications & Public Affairs (Age 60)
Ms. Lynne Louise Harkel-Rumford, Sr. VP & Chief HR Officer

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 BlackRock Inc. (7.99%), Nuveen Asset Management LLC (5.37%), State Street Corp (5.35%), Boston Partners (3.24%), Blackstone Group Inc (2.68%) and Massachusetts Financial Services Co. MA (1.69%). Company insiders that own CenterPoint Energy stock include David J Lesar, Joseph John Vortherms, Milton Carroll and Scott M Prochazka.
View institutional ownership trends for CenterPoint Energy.

Which institutional investors are selling CenterPoint Energy stock?

CNP stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company, Massachusetts Financial Services Co. MA, State Street Corp, BlackRock Inc., First Trust Advisors LP, JPMorgan Chase & Co., Victory Capital Management Inc., and Cubist Systematic Strategies LLC.
View insider buying and selling activity for CenterPoint Energy.

Which institutional investors are buying CenterPoint Energy stock?

CNP stock was acquired by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Nuveen Asset Management LLC, Boston Partners, Scout Investments Inc., Morgan Stanley, Duff & Phelps Investment Management Co., BNP Paribas Arbitrage SA, and CIBC Private Wealth Group LLC.
View insider buying and selling activity for CenterPoint Energy.

How do I buy shares of CenterPoint Energy?

Shares of CNP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CenterPoint Energy's stock price today?

One share of CNP stock can currently be purchased for approximately $23.98.

How big of a company is CenterPoint Energy?

CenterPoint Energy has a market capitalization of $13.06 billion and generates $12.30 billion in revenue each year. The utilities provider earns $791 million in net income (profit) each year or $1.79 on an earnings per share basis. CenterPoint Energy employs 14,262 workers across the globe.

What is CenterPoint Energy's official website?

The official website for CenterPoint Energy is www.centerpointenergy.com.

How can I contact CenterPoint Energy?

CenterPoint Energy's mailing address is 1111 Louisiana Street, Houston TX, 77002. The utilities provider can be reached via phone at 713-207-1111.

This page was last updated on 11/23/2020 by MarketBeat.com Staff

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