CenterPoint Energy (CNP) Projected to Post Earnings on Thursday

CenterPoint Energy (NYSE:CNP) is expected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect CenterPoint Energy to post earnings of $0.40 per share and revenue of $2.46 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CenterPoint Energy Price Performance

NYSE:CNP opened at $32.56 on Thursday. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.61 and a beta of 0.95. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.92. The business has a 50 day simple moving average of $32.05 and a 200-day simple moving average of $30.01. CenterPoint Energy has a 1 year low of $25.41 and a 1 year high of $33.12.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.22 dividend. The ex-dividend date is Thursday, February 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.70%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 55.63%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CNP shares. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, Barclays raised their price target on CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $31.46.

CenterPoint Energy Company Profile

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.