CenterPoint Energy (NYSE:CNP) Releases Earnings Results, Beats Estimates By $0.03 EPS

CenterPoint Energy (NYSE:CNP) released its quarterly earnings data on Tuesday. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03, FiscalAI reports. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $41.15 on Tuesday. The firm has a market capitalization of $27.11 billion, a PE ratio of 24.21, a PEG ratio of 2.72 and a beta of 0.47. CenterPoint Energy has a 1 year low of $36.37 and a 1 year high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $39.02 and its 200 day simple moving average is $41.45.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.

Analyst Ratings Changes

Several equities analysts have commented on CNP shares. Morgan Stanley increased their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays lowered their price objective on CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. KeyCorp lowered their price objective on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. cut their price objective on CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.24.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.