CenterPoint Energy (NYSE:CNP) Releases FY25 Earnings Guidance

CenterPoint Energy (NYSE:CNP) updated its FY25 earnings guidance on Monday. The company provided earnings per share guidance of $1.74-1.76 for the period, compared to the consensus earnings per share estimate of $1.73. CenterPoint Energy also updated its FY24 guidance to $1.61-1.63 EPS.

CenterPoint Energy Price Performance

NYSE:CNP opened at $29.31 on Monday. The stock has a 50 day moving average price of $28.51 and a 200 day moving average price of $28.95. The stock has a market cap of $18.82 billion, a PE ratio of 18.20, a P/E/G ratio of 2.58 and a beta of 0.92. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.99 and a current ratio of 1.20. CenterPoint Energy has a one year low of $25.41 and a one year high of $31.57.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same quarter last year, the firm posted $0.40 EPS. Equities research analysts expect that CenterPoint Energy will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.87%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy’s payout ratio is presently 49.69%.

Analysts Set New Price Targets

CNP has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on CenterPoint Energy in a research note on Thursday, September 12th. They issued a “neutral” rating and a $29.00 price target on the stock. StockNews.com downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $29.00 in a report on Friday, August 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $28.00 target price on shares of CenterPoint Energy in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.91.

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.