CenterPoint Energy (CNP) Stock Price, News & Analysis

Company Overview

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. The Natural Gas segment engages in the intrastate natural gas sales, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provides maintenance and repair services of home appliances to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. It serves approximately 2,534,730 metered customers; owned 348 substations with transformer capacity of 79,719 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana and Texas. The company was founded in 1866 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $31.23 to $31.69
• 50-Day Range: $27.59 to $31.57
• 52-Week Range: $25.41 to $31.68
• Volume: 3.47 million shs
• Average Volume: 5.36 million shs
• Market Capitalization: $20.58 billion
• P/E Ratio: 20.91
• Dividend Yield: 2.53%
• Price Target: $30.09
• Consensus Rating: Hold

CenterPoint Energy Stock Analysis - MarketRank™

CenterPoint Energy scored higher than 89% of companies evaluated by MarketBeat, and ranked 22nd out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

CenterPoint Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 9 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

CenterPoint Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.41%

Earnings Growth

Earnings for CenterPoint Energy are expected to grow by 7.41% in the coming year, from $1.62 to $1.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CenterPoint Energy is 20.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of CenterPoint Energy is 20.91, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.48.

Price to Earnings Growth Ratio

CenterPoint Energy has a PEG Ratio of 2.68. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CenterPoint Energy has a P/B Ratio of 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.79% of the outstanding shares of CenterPoint Energy have been sold short.

Short Interest Ratio / Days to Cover

CenterPoint Energy has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CenterPoint Energy has recently decreased by 5.99%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

CenterPoint Energy pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

CenterPoint Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CenterPoint Energy is 52.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, CenterPoint Energy will have a dividend payout ratio of 45.98% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.4 / 5
• Environmental Score: -5.23

Percentage of Shares Shorted

2.79% of the outstanding shares of CenterPoint Energy have been sold short.

Short Interest Ratio / Days to Cover

CenterPoint Energy has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CenterPoint Energy has recently decreased by 5.99%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.90

News Sentiment

CenterPoint Energy has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for CenterPoint Energy this week, compared to 9 articles on an average week.

Search Interest

Only 5 people have searched for CNP on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

MarketBeat Follows

5 people have added CenterPoint Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CenterPoint Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.13% of the stock of CenterPoint Energy is held by insiders.

Percentage Held by Institutions

91.77% of the stock of CenterPoint Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNP Stock Analysis - Frequently Asked Questions

How have CNP shares performed this year?

CenterPoint Energy's stock was trading at $28.57 on January 1st, 2024. Since then, CNP shares have increased by 10.5% and is now trading at $31.57.
View the best growth stocks for 2024 here.

How were CenterPoint Energy's earnings last quarter?

CenterPoint Energy, Inc. (NYSE:CNP) issued its earnings results on Monday, October, 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. The utilities provider earned $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a net margin of 11.25% and a trailing twelve-month return on equity of 9.73%.
Read the conference call transcript.

Does CenterPoint Energy have any subsidiaries?

CenterPoint Energy subsidiaries include these companies: Vectren Corporation, Continuum Energy, Asgard Energy, CenterPoint Energy Houston Electric LLC, CenterPoint Energy Investment Management Inc., CenterPoint Energy Midstream Inc. , CenterPoint Energy Resources Corp. , and more.

Who are CenterPoint Energy's major shareholders?

Top institutional investors of CenterPoint Energy include Geode Capital Management LLC (2.31%), Jennison Associates LLC (1.05%), Massachusetts Financial Services Co. MA (0.85%) and Duff & Phelps Investment Management Co. (0.77%). Insiders that own company stock include Christopher A Foster, Jason P Wells, Ted Pound, David J Lesar and Barry T Smitherman.
View institutional ownership trends.

How do I buy shares of CenterPoint Energy?

Shares of CNP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CenterPoint Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CenterPoint Energy investors own include JPMorgan Chase & Co. (JPM), Chevron (CVX), Exxon Mobil (XOM), AT&T (T), Meta Platforms (META), NVIDIA (NVDA) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 9/12 Dividend: 8/15/2024
• Dividend Payable: 9/12/2024
• Last Earnings: 10/28/2024
• Today: 11/20/2024
• Ex-Dividend for 12/12 Dividend: 11/21/2024
• Dividend Payable: 12/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:CNP
• CUSIP: 15189T10
• CIK: 1130310
• Web: www.centerpointenergy.com
• Phone: (713) 207-1111
• Fax: 713-207-3169
• Employees: 8,827
• Year Founded: 1866

Price Target and Rating

• Average Stock Price Target: $30.09
• High Stock Price Target: $32.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: -4.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.51
• Trailing P/E Ratio: 20.91
• Forward P/E Ratio: 19.49
• P/E Growth: 2.68
• Net Income: $917 million
• Net Margins: 11.25%
• Pretax Margin: 12.27%
• Return on Equity: 9.73%
• Return on Assets: 2.41%

Debt

• Debt-to-Equity Ratio: 1.87
• Current Ratio: 1.11
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $8.70 billion
• Price / Sales: 2.37
• Cash Flow: $3.89 per share
• Price / Cash Flow: 8.11
• Book Value: $15.31 per share
• Price / Book: 2.06

Miscellaneous

• Outstanding Shares: 651,730,000
• Free Float: 650,880,000
• Market Cap: $20.58 billion
• Optionable: Optionable
• Beta: 0.92