CenterPoint Energy Stock Forecast, Price & News

CenterPoint Energy's stock was trading at $17.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CNP stock has increased by 25.9% and is now trading at $22.23.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 1 sell rating, 11 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for CenterPoint Energy.

CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for CenterPoint Energy.

CenterPoint Energy will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CenterPoint Energy, Inc. (NYSE:CNP) released its quarterly earnings results on Thursday, August, 6th. The utilities provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.01. The utilities provider had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $2.17 billion. CenterPoint Energy had a negative net margin of 6.87% and a positive return on equity of 15.31%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.
View CenterPoint Energy's earnings history.

CenterPoint Energy announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.15 per share on Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, August 19th.
View CenterPoint Energy's dividend history.

CenterPoint Energy issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29.

18 analysts have issued 12-month target prices for CenterPoint Energy's shares. Their forecasts range from $15.00 to $29.00. On average, they anticipate CenterPoint Energy's share price to reach $20.44 in the next twelve months. This suggests that the stock has a possible downside of 8.0%.
View analysts' price targets for CenterPoint Energy.

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), DTE Energy (DTE), Ameren (AEE), PG&E (PCG), CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA).
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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 many different retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.36%), Retirement Systems of Alabama (0.33%), Wedge Capital Management L L P NC (0.15%), Hennessy Advisors Inc. (0.12%), Envestnet Asset Management Inc. (0.05%) and Standard Life Aberdeen plc (0.04%). 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.

CNP stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Hennessy Advisors Inc., Standard Life Aberdeen plc, Retirement Systems of Alabama, DNB Asset Management AS, Ferguson Wellman Capital Management Inc., Pacer Advisors Inc., and Candriam Luxembourg S.C.A..
View insider buying and selling activity for CenterPoint Energy.

CNP stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Envestnet Asset Management Inc., AMG National Trust Bank, Redpoint Investment Management Pty Ltd, Avantax Advisory Services Inc., Sanders Morris Harris LLC, WoodTrust Financial Corp, and Fulton Bank N. A..
View insider buying and selling activity for 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.

One share of CNP stock can currently be purchased for approximately $22.23.

CenterPoint Energy has a market capitalization of $12.11 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.

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

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