CenterPoint Energy (NYSE:CNP - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $2.46 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.
CenterPoint Energy Stock Performance
Shares of CNP traded up $0.02 during mid-day trading on Friday, hitting $33.45. 5,219,914 shares of the company traded hands, compared to its average volume of 3,877,243. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The stock has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $30.09. CenterPoint Energy has a 1 year low of $25.41 and a 1 year high of $33.85. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.61 and a beta of 0.95.
CenterPoint Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.22 per share. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.63%. CenterPoint Energy's dividend payout ratio is currently 55.63%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Monday, January 27th. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a "buy" rating and a $34.50 price target on the stock. Morgan Stanley decreased their price target on shares of CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group raised shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of "Hold" and a consensus target price of $31.46.
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About CenterPoint Energy
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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.
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