CenterPoint Energy (NYSE:CNP) will be announcing its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Shares of CNP stock opened at $27.49 on Tuesday. The stock has a market capitalization of $13.51 billion, a PE ratio of 20.07, a PEG ratio of 2.90 and a beta of 0.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.83. CenterPoint Energy has a one year low of $24.81 and a one year high of $30.17.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a $0.2775 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. CenterPoint Energy’s dividend payout ratio is currently 81.02%.
Several analysts have recently commented on CNP shares. Zacks Investment Research upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Monday, July 23rd. JPMorgan Chase & Co. upgraded shares of CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Wednesday, September 5th. ValuEngine upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Barclays assumed coverage on shares of CenterPoint Energy in a research report on Monday, October 22nd. They set a “hold” rating and a $30.00 price target for the company. Finally, Wells Fargo & Co upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CenterPoint Energy presently has an average rating of “Hold” and an average target price of $29.33.
In related news, insider Milton Carroll sold 10,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $28.27, for a total transaction of $282,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott M. Prochazka sold 4,000 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $27.09, for a total transaction of $108,360.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,000 shares of company stock valued at $501,220. 0.22% of the stock is owned by company insiders.
COPYRIGHT VIOLATION WARNING: “CenterPoint Energy (CNP) Set to Announce Quarterly Earnings on Thursday” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/11/06/centerpoint-energy-cnp-set-to-announce-quarterly-earnings-on-thursday.html.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
Recommended Story: Analyst Ratings
Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.