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NYSE:CNP

CenterPoint Energy - CNP Stock Forecast, Price & News

$32.50
+0.59 (+1.85%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.07
$32.52
50-Day Range
$27.40
$32.08
52-Week Range
$24.33
$33.00
Volume
2.98 million shs
Average Volume
4.74 million shs
Market Capitalization
$20.46 billion
P/E Ratio
13.37
Dividend Yield
2.13%
Price Target
$31.83

CenterPoint Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
2.1% Downside
$31.83 Price Target
Short Interest
Healthy
1.98% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.55
Upright™ Environmental Score
News Sentiment
0.55mentions of CenterPoint Energy in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.14%
From $1.38 to $1.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Utilities Sector

50th out of 87 stocks

Electric Services Industry

21st out of 43 stocks

CNP stock logo

About CenterPoint Energy (NYSE:CNP) Stock

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, and Texas and Louisiana through a third party. This segment also engages in the sale of regulated intrastate natural gas, and transportation and storage of natural gas for residential, commercial, industrial, and transportation customers. As of December 31, 2021, it served approximately 2.7 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 71,241 megavolt amperes; operated approximately 1,00,000 linear miles of natural gas distribution and transmission mains; and owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.

CenterPoint Energy Stock Up 1.2 %

CNP traded up $0.38 on Friday, hitting $32.29. 73,805 shares of the company were exchanged, compared to its average volume of 3,302,617. CenterPoint Energy has a twelve month low of $24.33 and a twelve month high of $33.00. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 5.96 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.88 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $29.84.

CenterPoint Energy (NYSE:CNP - Get Rating) last posted its earnings results on Tuesday, August 2nd. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. CenterPoint Energy had a return on equity of 10.92% and a net margin of 18.16%. During the same period in the prior year, the company posted $0.36 earnings per share. On average, equities analysts predict that CenterPoint Energy will post 1.38 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.18 dividend. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, August 17th. CenterPoint Energy's dividend payout ratio (DPR) is 27.98%.

Analyst Upgrades and Downgrades

Several research firms have commented on CNP. StockNews.com raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a report on Tuesday, May 10th. KeyCorp cut their target price on shares of CenterPoint Energy from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Barclays lowered their price objective on CenterPoint Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Credit Suisse Group assumed coverage on CenterPoint Energy in a report on Monday, April 25th. They issued an "outperform" rating and a $34.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on CenterPoint Energy from $29.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, CenterPoint Energy has a consensus rating of "Moderate Buy" and a consensus price target of $31.83.

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CNP Stock News Headlines

CenterPoint Energy (NYSE:CNP) Price Target Raised to $33.00
CenterPoint Raises FY22 EPS Guidance
CenterPoint Energy (CNP) Set to Announce Earnings on Tuesday
CNP Stock Crowded With Sellers
See More Headlines
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CNP Company Calendar

Ex-Dividend for 6/9 Dividend
5/18/2022
Dividend Payable
6/09/2022
Last Earnings
8/02/2022
Today
8/12/2022
Ex-Dividend for 9/8 Dividend
8/17/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
15189T10
Employees
9,418
Year Founded
1866

Price Target and Rating

Average Stock Price Forecast
$31.83
High Stock Price Forecast
$36.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
-2.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$1.49 billion
Pretax Margin
14.16%

Debt

Sales & Book Value

Annual Sales
$8.35 billion
Cash Flow
$3.74 per share
Book Value
$14.67 per share

Miscellaneous

Free Float
628,936,000
Market Cap
$20.46 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • Mr. David John Lesar B.Sc. (Age 68)
    C.P.A., CPA, M.B.A., Pres, CEO & Director
    Comp: $4.45M
  • Mr. Jason P. Wells (Age 44)
    Exec. VP & CFO
    Comp: $1.58M
  • Ms. Monica Karuturi (Age 43)
    Exec. VP & Gen. Counsel
    Comp: $1.05M
  • Mr. Scott Edward Doyle (Age 50)
    Exec. VP of Utility Operations
    Comp: $1.02M
  • Ms. Stacey Lynn Peterson
    Sr. VP & Chief Accounting Officer
  • Mr. Kenneth E. Coleman
    Sr. VP & Chief Information Officer
  • Jackie Richert
    VP of Investor Relations & Treasurer
  • Ms. Carol R. Helliker (Age 61)
    Chief Ethics & Compliance Officer, Sr. VP & Deputy Gen. Counsel
  • Ms. Lynne Louise Harkel-Rumford (Age 65)
    Exec. VP & Chief HR Officer
  • John C. Houston (Age 71)
    Division Sr. VP of Compliance & High Voltage Power Delivery













CNP Stock - Frequently Asked Questions

Should I buy or sell CenterPoint Energy stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNP shares.
View CNP analyst ratings
or view top-rated stocks.

What is CenterPoint Energy's stock price forecast for 2022?

12 equities research analysts have issued 1-year target prices for CenterPoint Energy's shares. Their CNP share price forecasts range from $29.00 to $36.00. On average, they predict the company's share price to reach $31.83 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for CNP
or view top-rated stocks among Wall Street analysts.

How have CNP shares performed in 2022?

CenterPoint Energy's stock was trading at $27.91 at the beginning of the year. Since then, CNP shares have increased by 15.7% and is now trading at $32.30.
View the best growth stocks for 2022 here
.

Are investors shorting CenterPoint Energy?

CenterPoint Energy saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,830,000 shares, an increase of 31.6% from the June 30th total of 9,750,000 shares. Based on an average trading volume of 4,580,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.6% of the shares of the company are short sold.
View CenterPoint Energy's Short Interest
.

When is CenterPoint Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CNP earnings forecast
.

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) issued its quarterly earnings data on Tuesday, August, 2nd. The utilities provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. CenterPoint Energy had a trailing twelve-month return on equity of 10.92% and a net margin of 18.16%. During the same quarter last year, the firm earned $0.36 EPS.
Read the conference call transcript
.

How often does CenterPoint Energy pay dividends? What is the dividend yield for CenterPoint Energy?

CenterPoint Energy announced a quarterly dividend on Thursday, July 21st. Investors of record on Thursday, August 18th will be given a dividend of $0.18 per share on Thursday, September 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, August 17th. This is a boost from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for CNP
.

Is CenterPoint Energy a good dividend stock?

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.12%. 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 27.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 44.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNP.

What guidance has CenterPoint Energy issued on next quarter's earnings?

CenterPoint Energy issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $1.37-$1.39 for the period, compared to the consensus earnings per share estimate of $1.37. The company issued revenue guidance of -.

What is David J. Lesar's approval rating as CenterPoint Energy's CEO?

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.

What other stocks do shareholders of CenterPoint Energy own?

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).

What is CenterPoint Energy's stock symbol?

CenterPoint Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNP."

Who are CenterPoint Energy's major shareholders?

CenterPoint Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Deutsche Bank AG (3.14%), FMR LLC (2.04%), JPMorgan Chase & Co. (1.68%), Jennison Associates LLC (1.31%), Pictet Asset Management SA (1.21%) and Mitsubishi UFJ Trust & Banking Corp (1.16%). 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
.

How do I buy shares of CenterPoint Energy?

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.
Compare Top Brokerages Here.

What is CenterPoint Energy's stock price today?

One share of CNP stock can currently be purchased for approximately $32.30.

How much money does CenterPoint Energy make?

CenterPoint Energy (NYSE:CNP) has a market capitalization of $20.33 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.

How many employees does CenterPoint Energy have?

The company employs 9,418 workers across the globe.

Does CenterPoint Energy have any subsidiaries?

The following companies are subsidiares of CenterPoint Energy: Asgard Energy, CenterPoint Energy Houston Electric LLC, CenterPoint Energy Investment Management Inc., CenterPoint Energy Midstream Inc. , CenterPoint Energy Resources Corp. , Continuum Energy, Indiana Gas Company Inc, Southern Indiana Gas and Electric Company, Utility Holding LLC, Vectren Corporation, Vectren Energy Delivery of Ohio Inc., and Vectren Utility Holdings Inc..
Read More

When was CenterPoint Energy founded?

CenterPoint Energy was founded in 1866.

How can I contact CenterPoint Energy?

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.

This page (NYSE:CNP) was last updated on 8/12/2022 by MarketBeat.com Staff

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