CenterPoint Energy (CNP) Expected to Announce Quarterly Earnings on Thursday

CenterPoint Energy (NYSE:CNP - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $2.73 billion for the quarter. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CenterPoint Energy Stock Up 2.0 %

Shares of CNP traded up $0.72 during trading hours on Tuesday, reaching $37.21. The company's stock had a trading volume of 4,173,638 shares, compared to its average volume of 5,560,241. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 2.71 and a beta of 0.65. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The company has a 50 day moving average of $35.37 and a two-hundred day moving average of $32.73. CenterPoint Energy has a 1-year low of $25.41 and a 1-year high of $37.70.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, May 15th. CenterPoint Energy's dividend payout ratio (DPR) is presently 55.35%.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of research reports. Jefferies Financial Group began coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective on the stock. Argus raised CenterPoint Energy to a "hold" rating in a report on Friday, April 4th. BMO Capital Markets raised their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Monday, March 17th. Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $30.00 to $37.00 in a report on Tuesday. Finally, Morgan Stanley upped their target price on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and an average price target of $35.04.

Hedge Funds Weigh In On CenterPoint Energy

A hedge fund recently bought a new stake in CenterPoint Energy stock. Brighton Jones LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,018 shares of the utilities provider's stock, valued at approximately $254,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Company Profile

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.