CenterPoint Energy - CNP Stock Forecast, Price & News

12 Wall Street research 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 research analysts is that investors should "buy" CNP shares.
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12 equities research analysts have issued twelve-month price targets for CenterPoint Energy's shares. Their CNP share price forecasts range from $29.00 to $36.00. On average, they expect the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 17.0% 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 decreased by 2.0% and is now trading at $27.34.
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CenterPoint Energy saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,350,000 shares, an increase of 18.5% from the August 31st total of 10,420,000 shares. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is currently 3.5 days.
View CenterPoint Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CNP earnings forecast.

CenterPoint Energy will be holding an earnings conference call on Tuesday, November 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

CenterPoint Energy, Inc. (NYSE:CNP) posted its earnings results on Tuesday, August, 2nd. The utilities provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The utilities provider had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.68 billion. CenterPoint Energy had a trailing twelve-month return on equity of 10.92% and a net margin of 18.16%. During the same period last year, the company posted $0.36 EPS.
Read the conference call transcript.

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 dividend yield of 2.63%. 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 2.50%. 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 29.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 47.37% 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 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $1.37-$1.39 for the period, compared to the consensus estimate of $1.37. 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 Martin Capital Partners LLC (0.00%). 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.
View institutional ownership trends.

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 $27.34.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $17.21 billion and generates $8.35 billion in revenue each year. The utilities provider earns $1.49 billion in net income (profit) each year or $2.43 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.