CenterPoint Energy (CNP) to Release Earnings on Thursday

CenterPoint Energy (NYSE:CNP) is projected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect CenterPoint Energy to post earnings of $0.40 per share and revenue of $2.46 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CenterPoint Energy Price Performance

CNP opened at $33.79 on Wednesday. The stock has a market capitalization of $22.02 billion, a P/E ratio of 22.37, a PEG ratio of 2.61 and a beta of 0.95. CenterPoint Energy has a 12-month low of $25.41 and a 12-month high of $34.09. The stock has a 50-day moving average price of $32.20 and a 200-day moving average price of $30.17. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, February 20th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.60%. CenterPoint Energy’s dividend payout ratio is currently 55.63%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CNP shares. LADENBURG THALM/SH SH started coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Barclays increased their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Morgan Stanley dropped their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, UBS Group upgraded 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 report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.46.

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.