CenterPoint Energy (CNP) Set to Announce Earnings on Wednesday
CenterPoint Energy (NYSE:CNP) will be releasing its earnings data on Wednesday, August 6th. Individual interested in registering for the company’s earnings conference call can do so using this link.
CenterPoint Energy (NYSE:CNP) opened at 24.45 on Tuesday. CenterPoint Energy has a 1-year low of $22.46 and a 1-year high of $25.75. The stock’s 50-day moving average is $24.89 and its 200-day moving average is $24.11. The company has a market cap of $10.507 billion and a P/E ratio of 30.23.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.2375 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, August 13th.
A number of analysts have recently weighed in on CNP shares. Analysts at SunTrust reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Monday. They now have a $25.00 price target on the stock, down previously from $26.00. On a related note, analysts at Credit Suisse reiterated an “outperform” rating on shares of CenterPoint Energy in a research note on Thursday, July 10th. They now have a $29.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of CenterPoint Energy from $26.00 to $27.00 in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CenterPoint Energy has a consensus rating of “Buy” and an average price target of $26.86.
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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