CenterPoint Energy, Inc. (CNP)
| Market Cap | 18.26B |
| Revenue (ttm) | 8.70B |
| Net Income (ttm) | 867.00M |
| Shares Out | 633.03M |
| EPS (ttm) | 1.37 |
| PE Ratio | 21.06 |
| Forward PE | 17.65 |
| Dividend | $0.80 (2.77%) |
| Ex-Dividend Date | Feb 14, 2024 |
| Volume | 3,238,015 |
| Open | 29.33 |
| Previous Close | 29.34 |
| Day's Range | 28.84 - 29.35 |
| 52-Week Range | 25.42 - 31.44 |
| Beta | 0.93 |
| Analysts | Buy |
| Price Target | 30.00 (+3.99%) |
| 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]
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 StatementsAnalyst 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 3.99% from the latest price.
News
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...
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...
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.
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...
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...
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...
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.
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.
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...
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,...
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...
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.
‘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...
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.
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.
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.