CenterPoint Energy (CNP) to Release Earnings on Thursday

CenterPoint Energy (NYSE:CNP) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect CenterPoint Energy to post earnings of $0.40 per share and revenue of $2.46 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CenterPoint Energy Stock Up 1.1 %

Shares of NYSE:CNP opened at $33.79 on Wednesday. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $34.09. The firm has a market capitalization of $22.02 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.61 and a beta of 0.95. The stock has a 50 day moving average price of $32.20 and a 200-day moving average price of $30.17. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.60%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio is currently 55.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CNP. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price objective on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. Finally, LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $31.46.

About CenterPoint Energy

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.