Wall Street analysts forecast that CenterPoint Energy, Inc. (NYSE:CNP) will report earnings per share (EPS) of $0.41 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CenterPoint Energy’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.44. CenterPoint Energy reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is expected to issue its next earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that CenterPoint Energy will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.61. For the next financial year, analysts anticipate that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.65 to $1.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CenterPoint Energy.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, June 25th. ValuEngine raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America raised CenterPoint Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, June 28th. Finally, JPMorgan Chase & Co. raised CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and an average target price of $29.25.

In other news, CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction on Monday, October 1st. The stock was sold at an average price of $27.54, for a total transaction of $110,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Milton Carroll sold 10,000 shares of CenterPoint Energy stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $28.27, for a total value of $282,700.00. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $504,820 in the last three months. Insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of CenterPoint Energy by 13.0% during the second quarter. BlackRock Inc. now owns 45,260,445 shares of the utilities provider’s stock worth $1,254,170,000 after buying an additional 5,189,512 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CenterPoint Energy by 2.3% in the second quarter. Wells Fargo & Company MN now owns 5,940,888 shares of the utilities provider’s stock worth $164,622,000 after purchasing an additional 131,358 shares during the period. Acadian Asset Management LLC increased its position in shares of CenterPoint Energy by 27.9% in the second quarter. Acadian Asset Management LLC now owns 4,640,194 shares of the utilities provider’s stock worth $128,578,000 after purchasing an additional 1,012,520 shares during the period. Millennium Management LLC increased its position in shares of CenterPoint Energy by 1,227.8% in the second quarter. Millennium Management LLC now owns 3,452,630 shares of the utilities provider’s stock worth $95,672,000 after purchasing an additional 3,192,603 shares during the period. Finally, Legal & General Group Plc increased its position in shares of CenterPoint Energy by 1.2% in the second quarter. Legal & General Group Plc now owns 3,025,028 shares of the utilities provider’s stock worth $83,798,000 after purchasing an additional 34,891 shares during the period. 77.39% of the stock is owned by institutional investors.

CenterPoint Energy stock traded up $0.19 during mid-day trading on Friday, hitting $27.34. 6,715,801 shares of the company’s stock traded hands, compared to its average volume of 4,712,918. CenterPoint Energy has a fifty-two week low of $24.81 and a fifty-two week high of $30.17. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.92 and a beta of 0.44. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Wednesday, August 15th. CenterPoint Energy’s dividend payout ratio is currently 81.02%.

About CenterPoint Energy

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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