CenterPoint Energy, Inc. (NYSE:CNP) updated its FY17 earnings guidance on Friday. The company provided EPS guidance of $1.25-1.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.33.
A number of brokerages have recently commented on CNP. Zacks Investment Research lowered shares of CenterPoint Energy from a buy rating to a hold rating in a report on Tuesday, November 7th. BidaskClub upgraded shares of CenterPoint Energy from a hold rating to a buy rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a hold rating and issued a $29.00 price target on shares of CenterPoint Energy in a research note on Monday, September 11th. Credit Suisse Group raised shares of CenterPoint Energy from an underperform rating to a neutral rating and lifted their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Bank of America Corporation began coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a neutral rating and a $30.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $28.75.
CenterPoint Energy, Inc. (NYSE CNP) opened at $29.63 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. CenterPoint Energy, Inc. has a twelve month low of $22.32 and a twelve month high of $30.45. The company has a market cap of $12,676.70, a price-to-earnings ratio of 22.45, a P/E/G ratio of 4.07 and a beta of 0.64.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts forecast that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a yield of 3.61%. CenterPoint Energy’s dividend payout ratio is currently 78.10%.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $88,300. 0.20% of the stock is owned by company insiders.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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