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NYSE:CNP

CenterPoint Energy (CNP) Stock Price, News & Analysis

$26.97
-0.43 (-1.57%)
(As of 11:09 AM ET)
Today's Range
$26.90
$27.37
50-Day Range
$27.23
$28.52
52-Week Range
$25.42
$31.43
Volume
1.94 million shs
Average Volume
4.19 million shs
Market Capitalization
$17.07 billion
P/E Ratio
19.83
Dividend Yield
2.97%
Price Target
$30.30

CenterPoint Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.6% Upside
$30.30 Price Target
Short Interest
Healthy
1.85% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.23
Upright™ Environmental Score
News Sentiment
0.91mentions of CenterPoint Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.79%
From $1.62 to $1.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.08 out of 5 stars

Utilities Sector

33rd out of 90 stocks

Electric Services Industry

17th out of 40 stocks

CNP stock logo

About CenterPoint Energy Stock (NYSE:CNP)

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market. The Natural Gas segment engages in the intrastate natural gas sales, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provides maintenance and repair services of home appliances to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. It serves approximately 2,534,730 metered customers; owned 348 substations with transformer capacity of 79,719 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana and Texas. The company was founded in 1866 and is headquartered in Houston, Texas.

CNP Stock Price History

CNP Stock News Headlines

Elon Musk’s ChatGPT Could Soon Mint New Millionaires
Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.
Elon Musk’s ChatGPT Could Soon Mint New Millionaires
Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.
Q4 2023 CenterPoint Energy Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/14 Dividend
2/14/2024
Last Earnings
2/20/2024
Dividend Payable
3/14/2024
Today
4/15/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Multi-Utilities
CUSIP
15189T10
Employees
8,827
Year Founded
1866

Price Target and Rating

Average Stock Price Target
$30.30
High Stock Price Target
$33.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+10.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$917 million
Pretax Margin
12.50%

Debt

Sales & Book Value

Annual Sales
$8.70 billion
Cash Flow
$3.80 per share
Book Value
$15.31 per share

Miscellaneous

Free Float
632,208,000
Market Cap
$17.35 billion
Optionable
Optionable
Beta
0.92

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Key Executives

  • Mr. Jason P. WellsMr. Jason P. Wells (Age 46)
    President, CEO & Director
    Comp: $3.16M
  • Mr. Christopher A. FosterMr. Christopher A. Foster (Age 44)
    Executive VP & CFO
    Comp: $2.1M
  • Ms. Monica Karuturi (Age 45)
    Executive VP & General Counsel
    Comp: $1.77M
  • Ms. Lynne Louise Harkel-Rumford (Age 67)
    Executive VP & Chief Human Resources Officer
    Comp: $1.1M
  • Mr. Jason Michael Ryan (Age 48)
    Executive Vice President of Regulatory Services & Government Affairs
    Comp: $1.43M
  • Mr. Russell Keith Wright (Age 40)
    Vice President, Financial Planning & Analysis and Interim Chief Accounting Officer
  • Mr. Kenneth E. Coleman
    Senior VP & Chief Information Officer
  • Jacqueline M. Richert (Age 40)
    Vice President of Investor Relations & Treasurer
  • Ms. Carol R. Helliker (Age 63)
    Chief Ethics & Compliance Officer, Senior VP & Deputy General Counsel
  • Mr. Darin Carroll
    Senior Vice President of Natural Gas Business

Should I Buy CenterPoint Energy Stock? CNP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CenterPoint Energy, Inc.:

  • CenterPoint Energy stock has shown resilience with a 1-year high of $31.43, indicating potential for growth.
  • The company operates in the Electric services industry, which is essential and stable, providing a reliable revenue stream.
  • Recent quarterly earnings results met analysts' consensus estimates, demonstrating consistency in performance.
  • Strong institutional investor ownership at 91.77% indicates confidence in the company's future prospects.
  • CenterPoint Energy's market cap of $18.04 billion signifies its position as a significant player in the market.

Cons

Investors should be bearish about investing in CenterPoint Energy, Inc. for these reasons:

  • The company's debt-to-equity ratio of 1.82 may pose a risk due to higher leverage levels.
  • The stock's beta of 0.92 indicates moderate volatility compared to the market average.
  • CenterPoint Energy's price-to-earnings-growth ratio of 2.33 suggests a potentially overvalued stock.
  • The current ratio of 0.78 and quick ratio of 0.58 may raise concerns about the company's liquidity position.
  • Despite recent positive developments, the stock's 50-day moving average is below the 200-day moving average, signaling a potential short-term bearish trend.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these CenterPoint Energy pros and cons to contact@marketbeat.com.

CNP Stock Analysis - Frequently Asked Questions

Should I buy or sell CenterPoint Energy stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CenterPoint Energy in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNP shares.
View CNP analyst ratings
or view top-rated stocks.

What is CenterPoint Energy's stock price target for 2024?

10 analysts have issued 1 year price targets for CenterPoint Energy's shares. Their CNP share price targets range from $27.00 to $33.00. On average, they expect the company's stock price to reach $30.30 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for CNP
or view top-rated stocks among Wall Street analysts.

How have CNP shares performed in 2024?

CenterPoint Energy's stock was trading at $28.57 on January 1st, 2024. Since then, CNP stock has decreased by 4.1% and is now trading at $27.40.
View the best growth stocks for 2024 here
.

Are investors shorting CenterPoint Energy?

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 daily trading volume, of 4,240,000 shares, the short-interest ratio is presently 2.8 days.
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 Tuesday, April 30th 2024.
View our CNP earnings forecast
.

How can I listen to CenterPoint Energy's earnings call?

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.

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) posted its quarterly earnings results on Tuesday, February, 20th. The utilities provider reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The utilities provider earned $2.18 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $0.28 earnings per share.
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, 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 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for CNP
.

Is CenterPoint Energy a good dividend stock?

CenterPoint Energy (NYSE:CNP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.91%. 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.

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

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

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).

Who are CenterPoint Energy's major shareholders?

CenterPoint Energy's stock is owned by many different 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NYSE:CNP) was last updated on 4/16/2024 by MarketBeat.com Staff

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