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

CenterPoint Energy (NYSE:CNP) posted its quarterly earnings data 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%. CenterPoint Energy updated its FY 2025 guidance to 1.740-1.760 EPS.

CenterPoint Energy Stock Down 0.8 %

NYSE CNP traded down $0.27 on Thursday, reaching $33.61. The stock had a trading volume of 2,608,693 shares, compared to its average volume of 4,027,250. The business has a 50 day moving average price of $32.25 and a 200 day moving average price of $30.20. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87. CenterPoint Energy has a 1 year low of $25.41 and a 1 year high of $34.17. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 2.72 and a beta of 0.95.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.22 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s payout ratio is 58.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price on the stock. Barclays boosted their target price on CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Finally, UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus target price 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.