CenterPoint Energy (CNP) Set to Announce Quarterly Earnings on Thursday

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.

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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.

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Earnings History for CenterPoint Energy (NYSE:CNP)

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