CenterPoint Energy (NYSE:CNP) Releases Earnings Results, Meets Estimates

CenterPoint Energy (NYSE:CNP) issued its quarterly earnings data on Thursday. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40, Zacks reports. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy updated its FY 2025 guidance to 1.740-1.760 EPS.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $34.32 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy has a 12 month low of $25.41 and a 12 month high of $34.39. The company has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $30.28. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.71 and a beta of 0.95.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.56%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, February 20th. CenterPoint Energy’s payout ratio is presently 55.35%.

Analysts Set New Price Targets

CNP has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of 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. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.65.

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.