CenterPoint Energy Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CenterPoint Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNP, but not buy additional shares or sell existing shares.
View analyst ratings for CenterPoint Energy or view top-rated stocks.

Wall Street analysts have given CenterPoint Energy a "Hold" 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 decline in short interest in May. As of May 28th, there was short interest totaling 13,840,000 shares, a decline of 17.9% from the May 13th total of 16,850,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the days-to-cover ratio is presently 2.5 days.
View CenterPoint Energy's Short Interest.

CenterPoint Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for CenterPoint Energy.

CenterPoint Energy, Inc. (NYSE:CNP) issued its earnings results on Thursday, May, 6th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.09. The utilities provider had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.28 billion. CenterPoint Energy had a trailing twelve-month return on equity of 16.59% and a net margin of 10.12%. During the same period last year, the company earned $0.65 earnings per share.
View CenterPoint Energy's earnings history.

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. Since then, CNP stock has increased by 43.5% and is now trading at $25.34.
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CenterPoint Energy announced a quarterly dividend on Friday, April 23rd. Stockholders of record on Thursday, May 20th will be paid a dividend of $0.16 per share on Thursday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, May 19th.
View CenterPoint Energy's dividend history.

CenterPoint Energy pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.51%. CenterPoint Energy does not yet have a strong track record of dividend growth. 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 42.95% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend.
View CenterPoint Energy's dividend history.

12 brokers have issued 12-month price targets for CenterPoint Energy's stock. Their forecasts range from $16.00 to $28.00. On average, they anticipate CenterPoint Energy's share price to reach $24.89 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts' price targets for CenterPoint Energy or view top-rated stocks among Wall Street analysts.

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), DTE Energy (DTE), Ameren (AEE), PG&E (PCG), 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.10%), Capital International Investors (4.10%), Boston Partners (4.24%), Nuveen Asset Management LLC (2.77%), Barclays PLC (1.79%) and Mitsubishi UFJ Trust & Banking Corp (1.77%). 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 Capital International Investors, Nuveen Asset Management LLC, Morgan Stanley, Scout Investments Inc., Cubist Systematic Strategies LLC, APG Asset Management N.V., UBS Group AG, and Retirement Systems of Alabama.
View insider buying and selling activity for CenterPoint Energy or view top insider-selling stocks.

CNP stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Boston Partners, BlackRock Inc., Thompson Siegel & Walmsley LLC, Thrivent Financial for Lutherans, Barclays PLC, Credit Suisse AG, and Duff & Phelps Investment Management Co.. 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 $25.34.

CenterPoint Energy has a market capitalization of $14.71 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 9,541 workers across the globe.

The following companies are subsidiares of CenterPoint Energy: CenterPoint Energy Houston Electric LLC, CenterPoint Energy Midstream Inc., CenterPoint Energy Resources Corp., CenterPoint Energy Services Inc., and Utility Holding LLC.

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.