Equities Analysts Issue Forecasts for CNP FY2025 Earnings

CenterPoint Energy, Inc. (NYSE:CNP) – Investment analysts at KeyCorp boosted their FY2025 earnings per share estimates for shares of CenterPoint Energy in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.75 for the year, up from their prior estimate of $1.72. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.62 per share. KeyCorp also issued estimates for CenterPoint Energy’s FY2027 earnings at $2.03 EPS and FY2028 earnings at $2.18 EPS.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same period last year, the company earned $0.40 EPS.

CNP has been the topic of several other research reports. Bank of America began coverage on shares of CenterPoint Energy in a report on Thursday, September 12th. They issued a “neutral” rating and a $29.00 target price on the stock. Wells Fargo & Company lifted their price objective on CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Morgan Stanley dropped their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.58.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $31.99 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87. The company has a 50 day moving average price of $30.35 and a 200-day moving average price of $29.32. CenterPoint Energy has a 52 week low of $25.41 and a 52 week high of $33.00. The firm has a market capitalization of $20.85 billion, a PE ratio of 21.40, a P/E/G ratio of 2.79 and a beta of 0.96.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of CenterPoint Energy in the third quarter worth about $26,000. Rothschild Investment LLC purchased a new position in CenterPoint Energy in the 2nd quarter worth approximately $33,000. First Horizon Advisors Inc. boosted its stake in CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in CenterPoint Energy during the 2nd quarter valued at approximately $36,000. Finally, Kimelman & Baird LLC bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.21 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.63%. CenterPoint Energy’s payout ratio is 55.63%.

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.