CenterPoint Energy (NYSE:CNP) Issues FY25 Earnings Guidance

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

Analysts Set New Price Targets

Several research firms have commented on CNP. Scotiabank raised their target price on shares of CenterPoint Energy from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Tuesday. StockNews.com lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. KeyCorp lowered shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their target price on shares of CenterPoint Energy from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $32.00 to $29.00 in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.09.

CenterPoint Energy Stock Down 1.1 %

Shares of CenterPoint Energy stock opened at $29.43 on Wednesday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.58 and a beta of 0.92. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.20 and a quick ratio of 0.99. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $31.57. The stock has a 50-day simple moving average of $28.66 and a 200-day simple moving average of $28.98.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same period in the previous year, the company earned $0.40 EPS. On average, equities research analysts expect that CenterPoint Energy will post 1.62 earnings per share for the current fiscal 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 59.15%.

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.