CenterPoint Energy, Inc. (NYSE:CNP) to Issue Quarterly Dividend of $0.24

CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Thursday, September 24th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.24 per share by the utilities provider on Thursday, December 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 19th.

CenterPoint Energy has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. CenterPoint Energy has a dividend payout ratio of 51.1% 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 $0.96 annual dividend with an expected future payout ratio of 46.2%.

CenterPoint Energy Stock Performance

CNP traded down $0.27 during trading hours on Friday, hitting $36.55. The stock had a trading volume of 130,206 shares, compared to its average volume of 5,746,637. CenterPoint Energy has a 1 year low of $36.56 and a 1 year high of $45.26. The company’s fifty day simple moving average is $40.37 and its 200 day simple moving average is $42.07. The stock has a market cap of $24.08 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.46. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the prior year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts anticipate that CenterPoint Energy will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CNP shares. Truist Financial cut their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Morgan Stanley dropped their price objective on CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Evercore set a $43.00 target price on CenterPoint Energy in a report on Monday, August 17th. Finally, BTIG Research started coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.93.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.