CenterPoint Energy, Inc. (CNP)
| Market Cap | 20.58B |
| Revenue (ttm) | 8.56B |
| Net Income (ttm) | 963.00M |
| Shares Out | 651.73M |
| EPS (ttm) | 1.50 |
| PE Ratio | 21.03 |
| Forward PE | 18.18 |
| Dividend | $0.84 (2.66%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 3,467,042 |
| Open | 31.50 |
| Previous Close | 31.40 |
| Day's Range | 31.23 - 31.69 |
| 52-Week Range | 25.41 - 31.69 |
| Beta | 0.92 |
| Analysts | Hold |
| Price Target | 29.83 (-5.51%) |
| Earnings Date | Oct 28, 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]
Financial Performance
In 2023, CenterPoint Energy'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 StatementsAnalyst Forecast
According to 13 analysts, the average rating for CNP stock is "Hold." The 12-month stock price forecast is $29.83, which is a decrease of -5.51% from the latest price.
News
Greater Houston Resiliency Initiative Progress Update: CenterPoint Energy Makes Significant Advances on Critical Resiliency Actions
Company has installed or replaced nearly 4,600 stronger storm-resilient poles; cleared more than 800 miles of higher-risk vegetation; undergrounded more than 100 miles of power lines; and installed do...
CenterPoint Energy Completes All 42 of Its Initial Post-Beryl Commitments to Improve Resiliency and Strengthen Emergency Operations
Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initi...
CenterPoint Energy Outlines Plan to Minimize May 2024 Derecho Storm Bill Impact for Electric Customers
Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month Financial method expected to save custome...
CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case
Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurric...
Hurricane Rafael Projected to Weaken and Remain in the Southern Gulf of Mexico over the Weekend and Could Bring Isolated Rain and Wind to Texas and Louisiana; CenterPoint Energy Will Continue to Monitor throughout the Weekend
Teams will remain on standby and ready to respond to any changes with enhanced staffing plans if needed Most CenterPoint teams will return to normal business operations status HOUSTON , Nov. 8, 2024 /...
As Hurricane Rafael Crosses the South-Central Gulf of Mexico, CenterPoint Energy Continues to Monitor and Remains Ready to Respond
Teams remain ready to respond with enhanced staffing plans and conducting pre-landfall emergency preparedness protocols Customer natural gas disconnections have been suspended in Texas, Louisiana, an...
As Rafael Intensifies into Category 3 Hurricane, CenterPoint Energy Remains Vigilant and Prepared for Impacts Across Multi-State, Gulf Coast Service Area
Company continuing to urge electric and natural gas customers in Texas, Louisiana and Mississippi to take proactive safety measures Teams are instituting enhanced staffing plans and conducting pre-lan...
CenterPoint Energy Continuing to Plan and Prepare for Impacts from Tropical Storm Rafael Across its Multi-State Gulf Coast Service Area
CenterPoint continuing to monitor the latest weather updates and forecasts to be ready to respond to the potential effects of Tropical Storm Rafael Company continuing to communicate to electric and na...
CenterPoint Energy monitoring the Caribbean and Gulf of Mexico as Tropical Storm Rafael gains strength; 2024 hurricane season remains active
Company continues to take additional and enhanced actions to harden the grid as part of the Greater Houston Resiliency Initiative CenterPoint encourages customers to remain vigilant and have a plan fo...
CenterPoint Energy, Inc. (CNP) Q3 2024 Earnings Call Transcript
CenterPoint Energy, Inc. (NYSE:CNP) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chri...
CenterPoint Energy reports Q3 2024 results; reiterates 2024 full year guidance and initiates 2025 full year guidance
HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $193 million, or $0.30 per diluted share on a GAAP basis for t...
CenterPoint Energy names tested, industry veteran Don Daigler to lead revitalized emergency preparedness and response team
Additional senior leadership team hire underscores the company's commitment to improving emergency preparation, management and coordination after Hurricane Beryl HOUSTON , Oct. 28, 2024 /PRNewswire/ -...
CenterPoint Energy makes publicly available the independent third-party review by PA Consulting Group about the company'sHurricane Beryl response
Expert after-action report outlines 77 recommendations to improve storm response; CenterPoint has already completed or is implementing two-thirds of the recommendations HOUSTON , Oct. 25, 2024 /PRNews...
CenterPoint Energy lineworkers place in the top 5 percent of utilities at 40th annual International Lineman's Rodeo
With more than 200 competing teams, CenterPoint earns 6th place finish among investor-owned utilities and 13th place overall HOUSTON , Oct. 22, 2024 /PRNewswire/ -- This past weekend, CenterPoint Ener...
As some frontline workers return home, CenterPoint Energy continues providing mutual assistance support for restoration efforts following devastating hurricanes
Operations leadership remains in Florida to support ongoing efforts as restoration continues in the hardest-hit areas HOUSTON , Oct. 17, 2024 /PRNewswire/ -- CenterPoint Energy is proud to have answer...
CenterPoint Energy Foundation launches new Community Generator Donation Program for Greater Houston Region
Company donating 21 backup generators and other support in designated locations across 12 counties to support community resiliency as part of a $5 million grant from the CenterPoint Energy Foundation ...
CenterPoint Energy Announces Collaboration with Technosylva to Advance Resilience and Monitor System Assets for Extreme Weather Events
Collaboration Leverages Technosylva's Advanced AI and Machine Learning to Strengthen Resilience and Prepare for Extreme Weather HOUSTON , Oct. 8, 2024 /PRNewswire/ -- CenterPoint Energy, a leading ele...
CenterPoint Energy, Inc. to Host Webcast of Third Quarter 2024 Earnings Conference Call
Houston, TX, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Date: October 28, 2024 Time: 7:00 a.m. Central time or 8:00 a.m.
CenterPoint Energy and Neara Announce Post-Hurricane Beryl Collaboration to Advance Electric Resiliency Across Greater Houston Region
Mobilizing AI capabilities and digital modeling technologies will help optimize safety, reliability and resilience while reducing the impact on CenterPoint's customers HOUSTON , Oct. 2, 2024 /PRNewswi...
CenterPoint Energy Announces a Comprehensive Suite of New Actions as Part of Second Phase of Greater Houston Resiliency Initiative to Strengthen the Electric Grid Across the Region
Near-term actions will include: Installing 25,000 new, stronger poles Removing or trimming 4,000 miles of higher-risk vegetation Installing 4,500 automated reliability devices Actions will be complete...
Daily Dividend Report: Micron, Lennar, McDonalds, Accenture, CNP
On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on Octo...
CenterPoint Energy Declares Regular Common Stock Dividend of $0.2100
HOUSTON , Sept. 25, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2100 per share on the issued and outstanding s...
CenterPoint Energy Monitoring Tropical Weather Conditions in the Gulf of Mexico
First Day of Fall Arrives across the Gulf Coast Region, but Hurricane Season Remains in Full Force CenterPoint Energy remains on high alert and has been monitoring tropical weather developments in th...
CenterPoint Energy Completing Safety Inspections for Natural Gas Customers Impacted by Hurricane Francine in Louisiana and Mississippi
Company makes internal and contractor frontline electrical workers available to other impacted utilities in Gulf Coast states CenterPoint's nearly 480-member natural gas workforce in Louisiana and its...
NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst
BofA Securities analyst Ross Fowler reinstated the Buy rating at NiSource Inc NI with a price target of $37 and the Neutral rating at CenterPoint Energy, Inc CNP with a price target of $29.