CenterPoint Energy, Inc. (NYSE:CNP - Free Report) - Research analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of CenterPoint Energy in a research note issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.24. The consensus estimate for CenterPoint Energy's current full-year earnings is $1.62 per share. Zacks Research also issued estimates for CenterPoint Energy's Q4 2025 earnings at $0.45 EPS.
A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley upped their price objective on shares of CenterPoint Energy from $30.00 to $32.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price objective on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut CenterPoint Energy from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $32.00 to $29.00 in a report on Friday, August 2nd. BMO Capital Markets reaffirmed a "market perform" rating and set a $28.00 price target on shares of CenterPoint Energy in a research note on Monday, August 26th. Finally, Scotiabank boosted their price objective on CenterPoint Energy from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 29th. 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.09.
Check Out Our Latest Stock Analysis on CenterPoint Energy
CenterPoint Energy Stock Performance
Shares of NYSE CNP opened at $31.57 on Thursday. The stock has a market capitalization of $20.58 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.72 and a beta of 0.92. The firm's 50-day moving average price is $29.54 and its two-hundred day moving average price is $29.13. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $31.68. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87.
CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.40 EPS.
Institutional Trading of CenterPoint Energy
Hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC bought a new position in shares of CenterPoint Energy during the first quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $33,000. Rothschild Investment LLC bought a new stake in shares of CenterPoint Energy in the second quarter worth $33,000. First Horizon Advisors Inc. grew its position in CenterPoint Energy by 51.3% in the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 375 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in CenterPoint Energy in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 91.77% of the company's stock.
CenterPoint Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.66%. CenterPoint Energy's payout ratio is 52.98%.
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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