CenterPoint Energy (CNP) Scheduled to Post Earnings on Tuesday

CenterPoint Energy (NYSE:CNPGet Free Report) is scheduled to release its earnings data before the market opens on Tuesday, February 20th. Analysts expect CenterPoint Energy to post earnings of $0.33 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CenterPoint Energy Stock Up 0.8 %

Shares of NYSE CNP opened at $27.75 on Tuesday. The firm has a market capitalization of $17.52 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. The company has a current ratio of 0.78, a quick ratio of 0.57 and a debt-to-equity ratio of 1.76. CenterPoint Energy has a 1 year low of $25.42 and a 1 year high of $31.43. The firm’s 50-day moving average is $28.40 and its 200-day moving average is $28.08.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 64.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CNP. BMO Capital Markets reduced their price objective on shares of CenterPoint Energy from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. KeyCorp lifted their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Barclays lifted their price objective on shares of CenterPoint Energy from $27.00 to $28.00 and gave the stock an “underweight” rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of CenterPoint Energy from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Finally, Morgan Stanley cut their price target on shares of CenterPoint Energy from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $30.73.

Read Our Latest Research Report on CNP

Insider Activity

In other CenterPoint Energy news, CFO Christopher A. Foster acquired 5,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of $28.10 per share, for a total transaction of $140,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 147,693 shares of the company’s stock, valued at $4,150,173.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of CenterPoint Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CNP. Invesco Ltd. raised its holdings in shares of CenterPoint Energy by 68.2% in the first quarter. Invesco Ltd. now owns 7,638,179 shares of the utilities provider’s stock valued at $234,036,000 after purchasing an additional 3,096,455 shares during the last quarter. State Street Corp increased its holdings in CenterPoint Energy by 10.0% during the first quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after buying an additional 3,035,409 shares during the last quarter. Norges Bank acquired a new position in CenterPoint Energy during the fourth quarter worth $88,736,000. Price T Rowe Associates Inc. MD increased its holdings in CenterPoint Energy by 42.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,348,720 shares of the utilities provider’s stock worth $187,034,000 after buying an additional 1,898,199 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in CenterPoint Energy by 2.1% during the first quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider’s stock worth $2,252,230,000 after buying an additional 1,502,900 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

(Get Free Report)

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 optimizes assets in the wholesale power market.

See Also

Earnings History for CenterPoint Energy (NYSE:CNP)

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