CenterPoint Energy, Inc. (CNP) To Go Ex-Dividend on May 21st

CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.23 per share by the utilities provider on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, May 21st.

CenterPoint Energy has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. CenterPoint Energy has a dividend payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 44.2%.

CenterPoint Energy Trading Up 0.4%

Shares of CNP stock opened at $41.69 on Tuesday. CenterPoint Energy has a 12 month low of $35.46 and a 12 month high of $44.47. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $42.89 and its two-hundred day moving average is $40.80. The company has a market cap of $27.27 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts predict that CenterPoint Energy will post 1.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in CenterPoint Energy in the third quarter worth $25,000. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy in the fourth quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in CenterPoint Energy in the third quarter worth $26,000. LRI Investments LLC lifted its position in CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. 91.77% of the stock is owned by institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.