CenterPoint Energy, Inc. (CNP)
| Market Cap | 16.95B |
| Revenue (ttm) | 9.27B |
| Net Income (ttm) | 730.00M |
| Shares Out | 631.18M |
| EPS (ttm) | 1.15 |
| PE Ratio | 23.35 |
| Forward PE | 17.08 |
| Dividend | $0.80 (2.98%) |
| Ex-Dividend Date | Nov 15, 2023 |
| Volume | 3,320,387 |
| Open | 26.92 |
| Previous Close | 26.70 |
| Day's Range | 26.70 - 27.16 |
| 52-Week Range | 25.03 - 31.52 |
| Beta | 0.90 |
| Analysts | Buy |
| Price Target | 31.78 (+18.36%) |
| Earnings Date | Oct 31, 2023 |
About CNP
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. 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, natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana,... [Read more]
Financial Performance
In 2022, CNP's revenue was $9.32 billion, an increase of 11.60% compared to the previous year's $8.35 billion. Earnings were $1.01 billion, a decrease of -27.53%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for CNP stock is "Buy." The 12-month stock price forecast is $31.78, which is an increase of 18.36% from the latest price.
News
CenterPoint Energy declares regular Common Stock dividend of $0.2000
HOUSTON , Sept. 28, 2023 /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...
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....
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...
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...
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.
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.
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...
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 ...
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 ...
CenterPoint Energy proposes innovations to advance a cleaner energy future in Minnesota
Wide-ranging plan is proposed under the Natural Gas Innovation Act, a recent landmark state energy law Proposed projects expected to reduce carbon emissions, promote job creation and leverage million...
CenterPoint Energy, Inc. to Host Webcast of Second Quarter 2023 Earnings Conference Call
Houston, TX, June 27, 2023 (GLOBE NEWSWIRE) -- Date: July 27, 2023 Time: 7:00 a.m. Central time or 8:00 a.m.
More than 100 Utility Industry Leaders Join the Push for Private Broadband
DURHAM, N.C.--(BUSINESS WIRE)--The Utility Broadband Alliance (UBBA), a collaboration of utilities and solution providers dedicated to championing private broadband networks for critical infrastructur...
CenterPoint Energy Reports Strong Q1 Earnings Results and Reiterates 2023 Guidance
HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $313 million, or $0.49, per diluted share on a GAAP basis for ...
CenterPoint Energy continues shift from coal-fired generation; renewables complemented with natural gas-fired generation forge ahead as generation portfolio
Proposed plan is expected to save customers nearly $80 million in the aggregate Expected to reduce carbon emissions from its electric generation fleet by more than 95% over next 20 years while maintai...
CenterPoint Energy reports 2023 annual shareholder meeting results
HOUSTON , April 24, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2023 annual meeting. Shareholders approved the following propos...
CenterPoint Energy declares regular Common Stock dividend of $0.1900
HOUSTON , April 20, 2023 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.1900 per share on issued and outstanding share...
Radisson Blu Mall of America Becomes First Hotel in the World with CarbinX™ Carbon Capture Unit to Reduce Greenhouse Gas Emissions
Installation of CleanO2's groundbreaking technology is part of a CenterPoint Energy program offering cleaner energy solutions to its customers BLOOMINGTON, Minn. , March 28, 2023 /PRNewswire/ -- Today...
CenterPoint Energy, Inc. to Host Webcast of First Quarter 2023 Earnings Conference Call
Houston, TX, March 23, 2023 (GLOBE NEWSWIRE) --
CenterPoint Energy announces appointment of Christopher Foster as Executive Vice President and Chief Financial Officer
HOUSTON , March 15, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Christopher Foster as Executive Vice President and Chief Financial Officer, effective M...
CenterPoint Energy Announces 2023 Annual Meeting of Shareholders
Meeting to be held Friday, April 21 at 9 a.m. CT HOUSTON , March 10, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced that its 2023 Annual Meeting of Shareholders will be held...
CenterPoint Energy Reports Q4 and Strong Full-Year 2022 Results; Reiterates 2023 Guidance
HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $122 million, or $0.19 per diluted share on a GAAP basis, for ...
CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter 2022 Earnings Conference Call
Houston, TX, Jan. 13, 2023 (GLOBE NEWSWIRE) --
CenterPoint Energy announces organizational changes
New streamlined structure supports continued execution of long-term growth strategy and advances company's succession planning efforts HOUSTON, Jan. 3, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (N...
CenterPoint Energy Reports Strong Q3 2022 Results and Updates Long-Term Capital Plan
HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $189 million, or $0.30 per diluted share on a GAAP basis, for ...