CenterPoint Energy (CNP) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNP shares.
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10 Wall Street analysts have issued twelve-month target prices for CenterPoint Energy's stock. Their CNP share price targets range from $27.00 to $33.00. On average, they predict the company's stock price to reach $30.30 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
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CenterPoint Energy's stock was trading at $28.57 at the beginning of 2024. Since then, CNP stock has decreased by 3.0% and is now trading at $27.70.
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CenterPoint Energy saw a decline in short interest in March. As of March 31st, there was short interest totaling 11,720,000 shares, a decline of 5.3% from the March 15th total of 12,380,000 shares. Based on an average trading volume of 4,240,000 shares, the days-to-cover ratio is currently 2.8 days.
View CenterPoint Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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CenterPoint Energy will be holding an earnings conference call on Tuesday, April 30th 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 earnings results on Tuesday, February, 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The utilities provider earned $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a trailing twelve-month return on equity of 10.44%. During the same period in the prior year, the firm posted $0.28 earnings per share.
Read the conference call transcript.

CenterPoint Energy declared a quarterly dividend on Thursday, December 14th. Investors of record on Thursday, February 15th will be paid a dividend of $0.20 per share on Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for CNP.

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNP will have a dividend payout ratio of 46.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNP.

ETFs with the largest weight of CenterPoint Energy (NYSE:CNP) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco Real Assets ESG ETF (IVRA), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Utilities Select Sector SPDR Fund (XLU), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and First Trust Utilities AlphaDEX Fund (FXU).

CenterPoint Energy issued an update on its FY24 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of $1.61-1.63 for the period, compared to the consensus EPS estimate of $1.62.

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's stock is owned by a number of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.07%), Miller Howard Investments Inc. NY (0.04%), Ausbil Investment Management Ltd (0.02%), Czech National Bank (0.02%), NBC Securities Inc. (0.02%) and Threadgill Financial LLC (0.01%). Insiders that own company stock include Barry T Smitherman, Christopher A Foster, David J Lesar, David J Lesar, Jason P Wells, Jason P Wells and Ted Pound.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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