CenterPoint Energy Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CenterPoint Energy stock.
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Wall Street analysts have given CenterPoint Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CenterPoint Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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CenterPoint Energy saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 22,970,000 shares, an increase of 16.7% from the July 29th total of 19,690,000 shares. Based on an average daily volume of 5,090,000 shares, the days-to-cover ratio is presently 4.5 days.
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CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for CenterPoint Energy.

CenterPoint Energy, Inc. (NYSE:CNP) issued its earnings results on Thursday, August, 5th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11. The utilities provider had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.63 billion. CenterPoint Energy had a trailing twelve-month return on equity of 17.22% and a net margin of 11.74%. During the same period last year, the firm posted $0.21 EPS.
View CenterPoint Energy's earnings history.

CenterPoint Energy's stock was trading at $17.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CNP stock has increased by 38.3% and is now trading at $24.43.
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CenterPoint Energy declared a quarterly dividend on Wednesday, July 21st. Investors of record on Thursday, August 19th will be given a dividend of $0.16 per share on Thursday, September 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 18th.
View CenterPoint Energy's dividend history.

CenterPoint Energy pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.60%. The dividend payout ratio of CenterPoint Energy is 45.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CenterPoint Energy will have a dividend payout ratio of 45.39% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend.
View CenterPoint Energy's dividend history.

11 brokerages have issued 1-year target prices for CenterPoint Energy's shares. Their forecasts range from $16.00 to $28.00. On average, they anticipate CenterPoint Energy's stock price to reach $25.00 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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9 employees have rated CenterPoint Energy CEO David J. Lesar on Glassdoor.com. David J. Lesar has an approval rating of 100% among CenterPoint Energy's employees. This puts David J. Lesar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to CenterPoint Energy include Dominion Energy (D), Sempra Energy (SRE), Public Service Enterprise Group (PEG), WEC Energy Group (WEC), Consolidated Edison (ED), PG&E (PCG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.62%), BlackRock Inc. (8.89%), Capital International Investors (5.43%), FMR LLC (5.15%), State Street Corp (4.86%) and Boston Partners (3.96%). Company insiders that own CenterPoint Energy stock include David J Lesar, Jason P Wells, Leslie D Biddle 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 FMR LLC, Credit Suisse AG, Millennium Management LLC, Mitsubishi UFJ Trust & Banking Corp, Nuveen Asset Management LLC, Russell Investments Group Ltd., Los Angeles Capital Management LLC, and Neuberger Berman Group LLC.
View insider buying and selling activity for CenterPoint Energy or view top insider-selling stocks.

CNP stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, BlackRock Inc., First Trust Advisors LP, JPMorgan Chase & Co., Amundi, Brookfield Asset Management Inc., Vanguard Group Inc., and ClearBridge Investments Ltd. Company insiders that have bought CenterPoint Energy stock in the last two years include David J Lesar, and Jason P Wells.
View insider buying and selling activity for CenterPoint Energy or or view top insider-buying stocks.

Shares of CNP 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 $24.43.

CenterPoint Energy has a market capitalization of $14.48 billion and generates $7.42 billion in revenue each year. The utilities provider earns $-773,000,000.00 in net income (profit) each year or $1.40 on an earnings per share basis.

CenterPoint Energy employs 2,018 workers across the globe.

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..

CenterPoint Energy was founded in 1866.

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

CenterPoint Energy is headquartered at 1111 Louisiana Street, Houston TX, 77002.

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