CenterPoint Energy (NYSE:CNP) announced its earnings results on Thursday. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10, RTT News reports. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.91 billion. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share.
Shares of NYSE:CNP traded down $0.22 during trading on Friday, reaching $28.78. The stock had a trading volume of 5,574,393 shares, compared to its average volume of 4,581,452. The business has a fifty day moving average price of $29.19 and a 200-day moving average price of $29.10. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 2.17. The stock has a market cap of $14.43 billion, a P/E ratio of 17.99, a PEG ratio of 3.37 and a beta of 0.47. CenterPoint Energy has a fifty-two week low of $26.81 and a fifty-two week high of $31.42.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, November 20th. CenterPoint Energy’s dividend payout ratio is presently 71.88%.
A number of equities analysts have issued reports on the stock. SunTrust Banks upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $32.00 in a research report on Friday, September 6th. Stifel Nicolaus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $32.00 in a research report on Friday, September 6th. UBS Group cut their target price on shares of CenterPoint Energy from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Monday, October 14th. Finally, Wells Fargo & Co cut their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. CenterPoint Energy has a consensus rating of “Buy” and an average target price of $31.79.
CenterPoint Energy Company Profile
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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