CenterPoint Energy (NYSE:CNP) Updates FY25 Earnings Guidance

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

Analysts Set New Price Targets

CNP has been the subject of a number of recent research reports. Bank of America assumed coverage on CenterPoint Energy in a research note on Thursday, September 12th. They set a “neutral” rating and a $29.00 price objective for the company. Wells Fargo & Company boosted their price target on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $29.00 in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on shares of CenterPoint Energy from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Scotiabank lowered their price target on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.91.

CenterPoint Energy Stock Performance

CNP opened at $29.31 on Monday. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.58 and a beta of 0.92. The firm’s fifty day simple moving average is $28.51 and its two-hundred day simple moving average is $28.95. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 1.79. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $31.57.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share (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 period in the previous year, the business posted $0.40 EPS. Equities analysts anticipate that CenterPoint Energy will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

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

About CenterPoint Energy

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.