CenterPoint Energy, Inc. (NYSE:CNP) announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39, Briefing.com reports. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. CenterPoint Energy updated its FY17 guidance to $1.25-1.33 EPS.
Shares of CenterPoint Energy (NYSE CNP) opened at $29.63 on Tuesday. CenterPoint Energy has a 12-month low of $22.32 and a 12-month high of $30.45. The company has a market cap of $12,676.70, a PE ratio of 22.45, a PEG ratio of 4.07 and a beta of 0.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.07 annualized dividend and a yield of 3.61%. CenterPoint Energy’s payout ratio is currently 78.10%.
In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 3,000 shares of company stock valued at $88,300. 0.20% of the stock is currently owned by corporate insiders.
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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 started 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 analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.75.
CenterPoint Energy Company Profile
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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