CenterPoint Energy (NYSE:CNP - Get Free Report) issued its quarterly earnings data on Monday. The utilities provider reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31, RTT News reports. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same period last year, the company posted $0.40 EPS.
CenterPoint Energy Stock Up 1.5 %
Shares of CNP stock traded up $0.44 during mid-day trading on Monday, hitting $29.75. The company's stock had a trading volume of 4,491,188 shares, compared to its average volume of 5,379,307. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $31.57. The business has a 50-day moving average price of $28.51 and a 200 day moving average price of $28.95. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.99 and a current ratio of 1.20. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.58 and a beta of 0.92.
CenterPoint Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.82%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.20. CenterPoint Energy's payout ratio is currently 59.15%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on CenterPoint Energy from $30.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on CenterPoint Energy from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. StockNews.com lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. BMO Capital Markets restated a "market perform" rating and set a $28.00 price target on shares of CenterPoint Energy in a research report on Monday, August 26th. Finally, KeyCorp cut CenterPoint Energy from an "overweight" rating to a "sector weight" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.91.
Get Our Latest Stock Analysis on CNP
CenterPoint Energy Company Profile
(
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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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