CenterPoint Energy (NYSE:CNP) Posts Quarterly Earnings Results, Hits Expectations

CenterPoint Energy (NYSE:CNP) released its earnings results on Thursday. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40, Zacks reports. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. CenterPoint Energy updated its FY 2025 guidance to 1.740-1.760 EPS.

CenterPoint Energy Trading Up 1.8 %

NYSE CNP opened at $34.32 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.71 and a beta of 0.95. The company’s 50-day simple moving average is $32.34 and its two-hundred day simple moving average is $30.28. CenterPoint Energy has a one year low of $25.41 and a one year high of $34.39.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.22 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.56%. CenterPoint Energy’s dividend payout ratio (DPR) is 55.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CNP shares. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley reduced their price target on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price target on the stock. Finally, UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.65.

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.