CenterPoint Energy (NYSE:CNP – Get Free Report) issued its quarterly earnings results on Monday. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31, RTT News reports. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same period in the previous year, the firm earned $0.40 EPS. CenterPoint Energy updated its FY24 guidance to $1.61-1.63 EPS and its FY25 guidance to $1.74-1.76 EPS.
CenterPoint Energy Price Performance
NYSE CNP opened at $29.31 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.20 and a quick ratio of 0.99. The firm has a market capitalization of $18.82 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The company has a 50 day simple moving average of $28.51 and a 200-day simple moving average of $28.95. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $31.57.
CenterPoint Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 21st. 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 yield of 2.87%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 49.69%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on CenterPoint Energy
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.
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