CenterPoint Energy - CNP Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNP shares.
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8 brokers have issued 12 month target prices for CenterPoint Energy's shares. Their CNP share price forecasts range from $28.00 to $35.00. On average, they predict the company's share price to reach $32.56 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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CenterPoint Energy's stock was trading at $29.99 at the beginning of the year. Since then, CNP stock has decreased by 5.8% and is now trading at $28.24.
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CenterPoint Energy saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 9,500,000 shares, a drop of 12.5% from the February 13th total of 10,860,000 shares. Based on an average daily volume of 3,500,000 shares, the days-to-cover ratio is currently 2.7 days.
View CenterPoint Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CNP earnings forecast.

CenterPoint Energy, Inc. (NYSE:CNP) released its quarterly earnings results on Friday, February, 17th. The utilities provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.01. The utilities provider earned $2.71 billion during the quarter, compared to analysts' expectations of $2.29 billion. CenterPoint Energy had a trailing twelve-month return on equity of 9.88% and a net margin of 11.21%. During the same quarter last year, the company earned $0.36 EPS.
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CenterPoint Energy announced a quarterly dividend on Thursday, December 15th. Investors of record on Thursday, February 16th will be paid a dividend of $0.19 per share on Thursday, March 9th. This represents a $0.76 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, February 15th. This is a positive change from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for CNP.

ETFs with the largest weight of CenterPoint Energy (NYSE:CNP) stock in their portfolio include Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco Real Assets ESG ETF (IVRA), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco DWA Utilities Momentum ETF (PUI), First Trust Utilities AlphaDEX Fund (FXU), Nuveen ESG Mid-Cap Value ETF (NUMV), Utilities Select Sector SPDR Fund (XLU) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT).

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.62%. 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 47.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 46.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNP.

CenterPoint Energy issued an update on its FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of $1.48-$1.50 for the period, compared to the consensus 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 number of institutional and retail investors. Top institutional investors include Boston Partners (3.99%), Deutsche Bank AG (3.58%), Geode Capital Management LLC (2.03%), JPMorgan Chase & Co. (1.67%), Jennison Associates LLC (1.47%) and Neuberger Berman Group LLC (1.43%). Insiders that own company stock include Barry T Smitherman, David J Lesar, David J Lesar, Jason P Wells and Leslie D Biddle.
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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 $28.24.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $17.82 billion and generates $9.32 billion in revenue each year. The utilities provider earns $1.06 billion in net income (profit) each year or $1.59 on an earnings per share basis.

The company employs 8,986 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.