CenterPoint Energy (NYSE:CNP) is scheduled to be announcing its earnings results before the market opens on Monday, February 26th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
CenterPoint Energy (NYSE:CNP) opened at $26.91 on Monday. The stock has a market capitalization of $11,599.13, a PE ratio of 19.64, a PEG ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. CenterPoint Energy has a fifty-two week low of $25.51 and a fifty-two week high of $30.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s payout ratio is 81.02%.
Several equities analysts have recently issued reports on CNP shares. Bank of America started coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks set a $27.00 price objective on CenterPoint Energy and gave the company a “hold” rating in a report on Monday, February 12th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Citigroup boosted their price objective on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.11.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $27.91, for a total value of $27,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $85,410 in the last ninety days. 0.20% of the stock is currently owned by insiders.
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CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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