CenterPoint Energy - CNP Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. 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 brokerages have issued 12-month price targets for CenterPoint Energy's shares. Their CNP share price forecasts range from $29.00 to $34.00. On average, they anticipate the company's stock price to reach $31.08 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
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CenterPoint Energy's stock was trading at $27.91 at the beginning of the year. Since then, CNP shares have increased by 10.4% and is now trading at $30.82.
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CenterPoint Energy saw a decrease in short interest in October. As of October 31st, there was short interest totaling 12,620,000 shares, a decrease of 14.2% from the October 15th total of 14,710,000 shares. Based on an average daily volume of 4,230,000 shares, the short-interest ratio is currently 3.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our CNP earnings forecast.

CenterPoint Energy, Inc. (NYSE:CNP) released its earnings results on Tuesday, November, 1st. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The utilities provider had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.74 billion. CenterPoint Energy had a trailing twelve-month return on equity of 10.77% and a net margin of 17.67%.

CenterPoint Energy declared a quarterly dividend on Thursday, September 29th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.18 per share on Thursday, December 8th. This represents a $0.72 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, November 16th.
Read our dividend analysis for CNP.

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.36%. 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 29.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 48.00% 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 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $1.48-$1.50 for the period, compared to the consensus EPS estimate of $1.49. 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.06%), BlackRock Inc. (8.16%), State Street Corp (5.53%), Boston Partners (3.98%), Pictet Asset Management SA (1.44%) and Jennison Associates LLC (1.36%). 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 $30.82.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $19.40 billion and generates $8.35 billion in revenue each year. The utilities provider earns $1.49 billion in net income (profit) each year or $2.41 on an earnings per share basis.

The company employs 9,418 workers across the globe.

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.