CenterPoint Energy, Inc. Declares Quarterly Dividend of $0.24 (CNP)
CenterPoint Energy (NYSE:CNP) announced a quarterly dividend on Thursday, April 24th, ARN reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.2375 per share on Tuesday, June 10th. This represents a $0.95 annualized dividend and a dividend yield of 3.87%.
CNP has been the subject of a number of recent research reports. Analysts at Tudor Pickering initiated coverage on shares of CenterPoint Energy in a research note on Tuesday. They set a “buy” rating on the stock. On the ratings front, analysts at TheStreet upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Finally, analysts at TheStreet downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.14.
CenterPoint Energy (NYSE:CNP) traded down 0.24% during mid-day trading on Thursday, hitting $24.56. The stock had a trading volume of 3,745,642 shares. CenterPoint Energy has a one year low of $22.22 and a one year high of $25.65. The stock has a 50-day moving average of $23.81 and a 200-day moving average of $23.78. The company has a market cap of $10.532 billion and a P/E ratio of 34.19.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $0.31 earnings per share. CenterPoint Energy’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that CenterPoint Energy will post $1.14 earnings per share for the current fiscal year.
CenterPoint Energy, Inc is a domestic energy delivery company. The Company’s business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations.
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