NYSE:CNP - CenterPoint Energy Stock Price, Forecast & News

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 decreased by 7.7% and is now trading at $16.30. View which stocks have been mosted impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 1 sell rating, 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CenterPoint Energy.

CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for CenterPoint Energy.

CenterPoint Energy, Inc. (NYSE:CNP) issued its earnings results on Thursday, February, 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The utilities provider earned $3.23 billion during the quarter, compared to analyst estimates of $3.80 billion. CenterPoint Energy had a return on equity of 14.97% and a net margin of 6.43%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. View CenterPoint Energy's earnings history.

CenterPoint Energy announced a quarterly dividend on Monday, February 3rd. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.29 per share on Thursday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date is Wednesday, February 19th. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.29. View CenterPoint Energy's dividend history.

17 equities research analysts have issued 1 year price targets for CenterPoint Energy's stock. Their forecasts range from $15.00 to $32.00. On average, they expect CenterPoint Energy's stock price to reach $27.50 in the next year. This suggests a possible upside of 68.7% from the stock's current price. View analysts' price targets for CenterPoint Energy.

News headlines about CNP stock have trended somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CenterPoint Energy earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCenterPoint Energy.

CenterPoint Energy saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 19,649,600 shares, an increase of 16.7% from the February 27th total of 16,840,000 shares. Based on an average trading volume of 6,100,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.9% of the shares of the company are short sold. View CenterPoint Energy's Current Options Chain.

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

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), Altria Group (MO), Exxon Mobil (XOM), Chevron (CVX), Cisco Systems (CSCO), IBM (IBM), Pfizer (PFE) and Southern (SO).

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 retail and institutional investors. Top institutional investors include Mitsubishi UFJ Trust & Banking Corp (1.89%), Geode Capital Management LLC (1.58%), Levin Easterly Partners LLC (1.36%), Franklin Resources Inc. (1.32%), Franklin Resources Inc. (1.32%) and Renaissance Technologies LLC (1.31%). Company insiders that own CenterPoint Energy stock include Joseph John Vortherms, Milton Carroll, Scott M Prochazka and Ted Pound. View institutional ownership trends for CenterPoint Energy.

CNP stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Miller Howard Investments Inc. NY, DekaBank Deutsche Girozentrale, AQR Capital Management LLC, Martingale Asset Management L P, Russell Investments Group Ltd., Acadian Asset Management LLC, and Strs Ohio. Company insiders that have sold CenterPoint Energy company stock in the last year include Milton Carroll, and Scott M Prochazka. View insider buying and selling activity for CenterPoint Energy.

CNP stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Brookfield Public Securities Group LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, Retirement Systems of Alabama, Point72 Asset Management L.P., First Trust Advisors LP, and Franklin Resources Inc.. 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 $16.30.

CenterPoint Energy has a market capitalization of $8.19 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. View additional information about CenterPoint Energy.

The official website for CenterPoint Energy is http://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.