CenterPoint Energy, Inc. (CNP)

NYSE: CNP · IEX Real-Time Price · USD
29.68
+0.02 (0.07%)
May 14, 2024, 4:00 PM EDT - Market closed
0.07%
Market Cap 18.99B
Revenue (ttm) 8.54B
Net Income (ttm) 904.00M
Shares Out 639.72M
EPS (ttm) 1.42
PE Ratio 20.90
Forward PE 17.52
Dividend $0.80 (2.70%)
Ex-Dividend Date May 15, 2024
Volume 3,089,984
Open 29.82
Previous Close 29.66
Day's Range 29.54 - 29.87
52-Week Range 25.42 - 31.44
Beta 0.91
Analysts Buy
Price Target 30.00 (+1.08%)
Earnings Date Apr 30, 2024

About CNP

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. The Natural Gas segment engages in the intrastate natural gas sales, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, L... [Read more]

Sector Utilities
Founded 1866
Employees 15,001
Stock Exchange NYSE
Ticker Symbol CNP
Full Company Profile

Financial Performance

In 2023, CNP's revenue was $8.70 billion, a decrease of -6.71% compared to the previous year's $9.32 billion. Earnings were $867.00 million, a decrease of -13.99%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for CNP stock is "Buy." The 12-month stock price forecast is $30.0, which is an increase of 1.08% from the latest price.

Price Target
$30.0
(1.08% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CenterPoint Energy Reports Strong Q1 2024 Results; Files System Resiliency Plan; Reiterates 2024 Full Year Guidance

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $350 million, or $0.55 per diluted share on a GAAP basis for t...

14 days ago - Business Wire

Daily Dividend Report: Stanley, CNP, Domino's, Leidos, Aramark

Stanley Black & Decker, a worldwide leader in Tools and Outdoor, announced today that its Board of Directors approved a regular second quarter cash dividend of $0.81 per common share. This extends the...

Other symbols: ARMKDPZLDOSSWK
15 days ago - Forbes

CenterPoint Energy reports 2024 annual shareholder meeting results

HOUSTON , April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2024 annual meeting. Shareholders approved the following propos...

18 days ago - PRNewsWire

CenterPoint Energy declares regular Common Stock dividend of $0.2000

HOUSTON , April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2000 per share on the issued and outstanding s...

18 days ago - PRNewsWire

CenterPoint Energy, Inc. to Host Webcast of First Quarter 2024 Earnings Conference Call

Houston, TX, April 09, 2024 (GLOBE NEWSWIRE) -- Date: April 30, 2024   Time:  7:00 a.m. Central time or 8:00 a.m.

5 weeks ago - GlobeNewsWire

CenterPoint Energy Announces 2024 Annual Meeting of Shareholders

Meeting to be held Friday, April 26 at 9 a.m. CT HOUSTON , March 15, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced its 2024 Annual Meeting of Shareholders will be held on F...

2 months ago - PRNewsWire

CenterPoint Energy Reports Strong Q4 and Full-year 2023 Results; Increases Capital Investment Plan; Reiterates 2024 Guidance

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $192 million, or $0.30 per diluted share on a GAAP basis for t...

3 months ago - Business Wire

CenterPoint Energy announces sale of its Louisiana and Mississippi natural gas assets to Bernhard Capital Partners for $1.2 billion

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a serv...

3 months ago - Business Wire

CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter and Full Year 2023 Earnings Conference Call

Houston, TX, Jan. 17, 2024 (GLOBE NEWSWIRE) --     Date:  January 17, 2024   Time:  7:00 a.m. Central time or 8:00 a.m.

4 months ago - GlobeNewsWire

Utility Stocks Feel the Cold. The Worry Is Possible Outages.

Electricity grid operators from Texas to Minnesota to Alberta, Canada, had asked customers to cut their usage.

Other symbols: AEP
4 months ago - Barrons

CenterPoint Energy Reports Strong Q3 Results, Raises Full Year 2023 Guidance and Capital Plan, and Initiates 2024 Guidance

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $256 million, or $0.40 per diluted share on a GAAP basis for t...

7 months ago - Business Wire

CenterPoint Energy Announces Leadership Succession

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) today announced a leadership transition that helps position the company to continue driving sustainable value for customers, communities,...

7 months ago - Business Wire

Dislocation in utilities has created an attractive buying opportunity, says KeyBanc's Sophie Karp

Sophie Karp, utilities and alternative energy analyst at KeyBanc, joins 'The Exchange' to discuss how rising rates hurt the utilities sector dividend yield, dislocation in utilities prices creating op...

Other symbols: CMSDTEXLU
7 months ago - CNBC Television

Why Safe Haven Utilities Stocks Are Having Their Worst Year Since 2008

Electric utility stocks used to be an income investor's best friend, but dividend growth cuts and rising Treasury yields have turned these rocksteady investments into market pariahs.

Other symbols: CMSDTEHELNTNEENEP
7 months ago - Forbes

‘Close your eyes and buy' these utilities stocks, analyst says

The crisis-like selloff in the utilities sector, resulting from the spike in interest rates, has created historically attractive buying opportunities for a number of stocks, KeyBanc Capital's Sophie K...

Other symbols: AEECMSDTEETRFENWEWEC
7 months ago - Market Watch

CenterPoint Energy Appoints New Board Members Thaddeus J. Malik and Ricky A.

HOUSTON , Oct. 3, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointments of Thaddeus J. Malik, Principal at S2T Solutions, LLC, and Ricky A.

8 months ago - PRNewsWire

CenterPoint Energy, Inc. to Host Webcast of Third Quarter 2023 Earnings Conference Call

Houston, TX, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Date:  October 26, 2023 Time:  7:00 a.m. Central time or 8:00 a.m.

8 months ago - GlobeNewsWire

CenterPoint Energy appoints new Independent Board Chair

Earl M. Cummings named Independent Chair of the Board HOUSTON , Aug. 21, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced that the company's Board of Directors has appointed Earl M....

9 months ago - PRNewsWire

CenterPoint Energy, Inc. Announces Pricing of Offering of $900 Million of 4.25% Convertible Senior Notes Due 2026

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) today announced the pricing of its offering of $900 million of 4.25% Convertible Senior Notes due 2026 (the “convertible notes”) in a pri...

10 months ago - Business Wire

CenterPoint Energy, Inc. Announces Offering of $900 Million of Convertible Senior Notes Due 2026

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) today announced the commencement of its offering of $900 million of Convertible Senior Notes due 2026 (the “convertible notes”) in a priv...

10 months ago - Business Wire

Keybanc: The northeast heatwave translates into more demand, not stronger earnings

Sophie Karp, Equity Research Analyst at Keybac Capital Markets, discusses how the upcoming U.S. heatwave may impact utility stocks.

Other symbols: CMSDTEDUKNEESOXLU
10 months ago - CNBC Television

CenterPoint Energy second-quarter profit drops 41%

CenterPoint Energy Inc on Thursday reported a 41% fall in second-quarter profit and increased its annual capital plan by 11% to $4 billion.

10 months ago - Reuters

CenterPoint Energy Reports Continued Strong Earnings Results, Reiterates 2023 Guidance, and Raises 2023 Capital Plan

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $106 million, or $0.17 per diluted share on a GAAP basis for t...

10 months ago - Business Wire

CenterPoint Energy declares regular Common Stock dividend of $0.1900 and Series A Preferred Stock dividend of $30.6250

HOUSTON , July 19, 2023 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its Common Stock and Series A Perpetual Preferred Stock. Common ...

10 months ago - PRNewsWire

CenterPoint Energy customers to receive savings from first-of-its-kind financing in Indiana

EVANSVILLE, Ind. , June 29, 2023 /PRNewswire/ -- Indiana electric customers of CenterPoint Energy, Inc. (NYSE: CNP) will see a decrease in their electric bills beginning next month as a result of the ...

11 months ago - PRNewsWire