CenterPoint Energy Inc. (CNP) Declares Quarterly Dividend of $0.24
CenterPoint Energy (NYSE:CNP) announced a quarterly dividend on Monday, January 20th, Stock Ratings Network reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.2375 per share on Monday, March 10th. This represents a $0.95 annualized dividend and a dividend yield of 4.06%.
CNP has been the subject of a number of recent research reports. Analysts at KeyCorp downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 2nd. Analysts at Zacks reiterated a “neutral” rating on shares of CenterPoint Energy in a research note to investors on Thursday, November 7th. They now have a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.89.
CenterPoint Energy (NYSE:CNP) last released its earnings data on Wednesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis.
CenterPoint Energy, Inc is a public utility holding company whose indirect wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC (NYSE:CNP), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast, which includes the city of Houston, and CenterPoint Energy Resources Corp.
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