CenterPoint Energy, Inc. (NYSE:CNP) issued its quarterly earnings results on Friday. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39, reports. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. CenterPoint Energy updated its FY17 guidance to $1.25-1.33 EPS.

Shares of CenterPoint Energy (CNP) traded down $0.12 during mid-day trading on Friday, hitting $29.59. The stock had a trading volume of 3,003,782 shares, compared to its average volume of 2,581,365. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 2.13. The company has a market cap of $12,754.00, a PE ratio of 22.59, a PEG ratio of 4.08 and a beta of 0.64. CenterPoint Energy has a one year low of $22.32 and a one year high of $30.45.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be issued 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 3.62%. CenterPoint Energy’s dividend payout ratio is currently 78.10%.

Several research analysts recently issued reports on CNP shares. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a research report on Monday, September 11th. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $28.82 to $29.00 in a report on Monday, August 14th. J P Morgan Chase & Co set a $30.00 price objective on CenterPoint Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, BidaskClub cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. CenterPoint Energy currently has a consensus rating of “Hold” and an average target price of $28.75.

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In other news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $88,300. 0.20% of the stock is currently owned by company insiders.

About CenterPoint Energy

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.

Earnings History for CenterPoint Energy (NYSE:CNP)

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