CenterPoint Energy, Inc. (NYSE:CNP – Free Report) – Stock analysts at KeyCorp decreased their FY2024 EPS estimates for shares of CenterPoint Energy in a report released on Monday, October 21st. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $1.61 per share for the year, down from their prior forecast of $1.62. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.62 per share. KeyCorp also issued estimates for CenterPoint Energy’s FY2026 earnings at $1.86 EPS.
CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same period last year, the firm posted $0.28 EPS.
View Our Latest Stock Analysis on CenterPoint Energy
CenterPoint Energy Price Performance
CenterPoint Energy stock opened at $29.31 on Thursday. 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 company has a market cap of $18.75 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.56 and a beta of 0.92. CenterPoint Energy has a 1 year low of $25.41 and a 1 year high of $31.57. The firm has a 50 day moving average price of $28.51 and a 200 day moving average price of $28.94.
CenterPoint Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.87%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio is presently 59.15%.
Institutional Investors Weigh In On CenterPoint Energy
Institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $230,000. Wealth Enhancement Advisory Services LLC raised its position in shares of CenterPoint Energy by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,321 shares of the utilities provider’s stock worth $807,000 after buying an additional 574 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in CenterPoint Energy by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,531,757 shares of the utilities provider’s stock valued at $43,640,000 after purchasing an additional 10,190 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of CenterPoint Energy by 3.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 13,224 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 447 shares during the last quarter. Finally, Leeward Investments LLC MA lifted its holdings in shares of CenterPoint Energy by 4.0% during the first quarter. Leeward Investments LLC MA now owns 569,745 shares of the utilities provider’s stock valued at $16,232,000 after purchasing an additional 21,907 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
About CenterPoint Energy
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.
Featured Stories
- Five stocks we like better than CenterPoint Energy
- Roth IRA Calculator: Calculate Your Potential Returns
- Texas Roadhouse Stock Steering for New Highs This Year
- Which Wall Street Analysts are the Most Accurate?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Golden Cross Stocks: Pattern, Examples and Charts
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.