CenterPoint Energy (NYSE:CNP) Updates FY25 Earnings Guidance

CenterPoint Energy (NYSE:CNP) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.74-1.76 for the period, compared to the consensus estimate of $1.73. CenterPoint Energy also updated its FY 2024 guidance to 1.610-1.630 EPS.

Analyst Ratings Changes

CNP has been the subject of a number of recent research reports. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Scotiabank decreased their target price on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. BMO Capital Markets restated a “market perform” rating and set a $28.00 target price on shares of CenterPoint Energy in a report on Monday, August 26th. Wells Fargo & Company increased their price target on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley boosted their price objective on CenterPoint Energy from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.91.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $29.50 on Monday. The firm has a market cap of $18.94 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 1.79. CenterPoint Energy has a 52 week low of $25.41 and a 52 week high of $31.57. The business’s fifty day simple moving average is $28.51 and its 200-day simple moving average is $28.95.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same period last year, the company posted $0.40 EPS. Equities analysts forecast that CenterPoint Energy will post 1.62 earnings per share for the current year.

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 given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. CenterPoint Energy’s dividend payout ratio (DPR) is presently 49.69%.

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.