CenterPoint Energy, Inc. (CNP)
| Market Cap | 21.21B |
| Revenue (ttm) | 8.56B |
| Net Income (ttm) | 963.00M |
| Shares Out | 651.73M |
| EPS (ttm) | 1.50 |
| PE Ratio | 21.68 |
| Forward PE | 18.70 |
| Dividend | $0.84 (2.58%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 8,622,234 |
| Open | 31.76 |
| Previous Close | 31.76 |
| Day's Range | 31.65 - 32.74 |
| 52-Week Range | 25.41 - 33.00 |
| Beta | 0.95 |
| Analysts | Hold |
| Price Target | 30.96 (-4.86%) |
| 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 15 analysts, the average rating for CNP stock is "Hold." The 12-month stock price forecast is $30.96, which is a decrease of -4.86% from the latest price.
News
CenterPoint Energy proposes solution to help mitigate ERCOT's regional energy shortfall in Central Texas while lowering Greater Houston-area customer bills
Proposal would send all 15 large emergency generation units to the San Antonio region for two years starting in Spring 2025 Company would make no revenue or profit off the proposal to help ERCOT and t...
CenterPoint Energy announces senior leadership changes
Richard C. Leger appointed to lead CenterPoint Energy Gas business on a permanent basis Bertha Villatoro elevated to Chief Human Resources Officer Current CHRO Lynne Harkel-Rumford to retire HOUSTON ,...
CenterPoint Energy appoints Dean Seavers as new Board member
HOUSTON , Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National ...
CenterPoint Energy Declares Regular Common Stock Dividend of $0.2200
HOUSTON , Dec. 13, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2200 per share on the issued and outstanding sh...
CenterPoint Energy launches "12 Days of Holiday Safety" winter campaign
Holiday campaign to include daily social media tips to keep friends, family and neighbors safe during the holiday season and to promote the importance of preparedness and safety for winter storm seaso...
Greater Houston Resiliency Initiative Phase Two Monthly Update: CenterPoint Energy continues to make good progress with more than 7,000 stronger poles installed across the area in less than 100 days
Actions throughout GHRI Phase Two include installation of stronger poles, clearance of more vegetation miles, undergrounding of more power lines and additional "self-healing" devices When complete, GH...
CenterPoint Energy announces critical readiness actions in Texas to prepare for 2025 winter storm season
CenterPoint shares regulatory declaration of winter readiness and completion of key actions to inspect and test equipment, strengthen the grid, and prepare for winter storm events Company participated...
CenterPoint Energy continues to invest in the safety, reliability and resiliency of its natural gas system to benefit customers
The company filed a settlement agreement with the Minnesota Public Utilities Commission reached with intervenors on its 2023 rate case MINNEAPOLIS , Nov. 25, 2024 /PRNewswire/ -- Today, CenterPoint En...
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...