CenterPoint Energy (NYSE:CNP) Updates 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.

Analyst Ratings Changes

A number of analysts have weighed in on CNP shares. Wells Fargo & Company increased their target price on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Scotiabank cut their price target on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. BMO Capital Markets reiterated a “market perform” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Monday, August 26th. JPMorgan Chase & Co. downgraded CenterPoint Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Friday, August 2nd. Finally, KeyCorp downgraded CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $29.91.

CenterPoint Energy Trading Up 1.5 %

NYSE CNP opened at $29.75 on Tuesday. The business has a fifty day simple moving average of $28.58 and a 200 day simple moving average of $28.97. The firm has a market capitalization of $19.03 billion, a P/E ratio of 20.95, a PEG ratio of 2.58 and a beta of 0.92. CenterPoint Energy has a 12 month low of $25.41 and a 12 month high of $31.57. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 1.79.

CenterPoint Energy (NYSE:CNP) last announced its 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. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same quarter last year, the firm posted $0.40 earnings per share. On average, analysts predict that CenterPoint Energy will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.21 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 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.