CenterPoint Energy (NYSE:CNP) Releases Quarterly Earnings Results, Hits Estimates

CenterPoint Energy (NYSE:CNP - Get Free Report) posted its quarterly earnings results on Thursday. The utilities provider reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40, Zacks reports. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy updated its FY 2025 guidance to 1.740-1.760 EPS.

CenterPoint Energy Price Performance

NYSE CNP traded up $0.59 during trading hours on Friday, reaching $34.32. 6,019,438 shares of the stock traded hands, compared to its average volume of 4,177,416. The stock has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $30.28. CenterPoint Energy has a 1 year low of $25.41 and a 1 year high of $34.39. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.92. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.22 per share. This is an increase 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 yield of 2.56%. CenterPoint Energy's dividend payout ratio (DPR) is presently 55.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on 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 CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research report on Thursday, December 12th. They issued a "buy" rating and a $34.50 price objective on the stock. Scotiabank upgraded CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Finally, UBS Group upgraded CenterPoint Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Two research 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. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of "Hold" and an average price target of $31.46.

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.