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

CenterPoint Energy (NYSE:CNP) released its quarterly earnings results on Thursday. The utilities provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40, Zacks reports. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. CenterPoint Energy updated its FY 2025 guidance to 1.740-1.760 EPS.

CenterPoint Energy Price Performance

Shares of NYSE:CNP traded down $0.37 during trading hours on Thursday, hitting $33.51. 2,224,973 shares of the company’s stock traded hands, compared to its average volume of 4,013,799. CenterPoint Energy has a 52 week low of $25.41 and a 52 week high of $34.17. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The company’s fifty day simple moving average is $32.25 and its two-hundred day simple moving average is $30.20. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.72 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. Stockholders of record on Thursday, February 20th will be given a dividend of $0.22 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, February 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.63%. CenterPoint Energy’s dividend payout ratio (DPR) is 58.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CNP shares. Barclays upped their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.46.

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.