CenterPoint Energy - CNP Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNP shares.
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9 Wall Street research analysts have issued twelve-month target prices for CenterPoint Energy's shares. Their CNP share price forecasts range from $29.00 to $35.00. On average, they anticipate the company's stock price to reach $32.20 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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CenterPoint Energy's stock was trading at $29.99 on January 1st, 2023. Since then, CNP stock has decreased by 0.8% and is now trading at $29.74.
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CenterPoint Energy saw a decline in short interest in December. As of December 30th, there was short interest totaling 10,320,000 shares, a decline of 15.8% from the December 15th total of 12,250,000 shares. Based on an average trading volume of 3,810,000 shares, the days-to-cover ratio is presently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
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CenterPoint Energy will be holding an earnings conference call on Friday, February 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

CenterPoint Energy, Inc. (NYSE:CNP) announced its quarterly earnings results on Tuesday, November, 1st. The utilities provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The utilities provider earned $1.90 billion during the quarter, compared to analysts' expectations of $1.74 billion. CenterPoint Energy had a net margin of 17.67% and a trailing twelve-month return on equity of 10.77%.

CenterPoint Energy announced a quarterly dividend on Thursday, December 15th. Stockholders 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 2.56%. 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.

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.40%. 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 48.32% 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 Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $1.48-$1.50 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional shareholders include Ceredex Value Advisors LLC (0.38%), Scout Investments Inc. (0.20%), New York State Teachers Retirement System (0.11%), Allspring Global Investments Holdings LLC (0.08%), Hennessy Advisors Inc. (0.08%) and Natixis Advisors L.P. (0.04%). 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 $29.74.

CenterPoint Energy (NYSE:CNP) has a market capitalization of $18.72 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.