CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Wednesday, December 13th, RTT News reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.2775 per share by the utilities provider on Thursday, February 8th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27.

CenterPoint Energy has increased its dividend by an average of 7.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. CenterPoint Energy has a payout ratio of 81.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect CenterPoint Energy to earn $1.41 per share next year, which means the company should continue to be able to cover its $1.07 annual dividend with an expected future payout ratio of 75.9%.

Shares of CenterPoint Energy (CNP) traded up $0.02 on Wednesday, reaching $28.40. The company had a trading volume of 3,999,026 shares, compared to its average volume of 2,836,038. CenterPoint Energy has a 52 week low of $23.95 and a 52 week high of $30.45. The stock has a market cap of $12,435.32, a price-to-earnings ratio of 22.02, a P/E/G ratio of 3.85 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts predict that CenterPoint Energy will post 1.31 EPS for the current year.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $88,080 in the last ninety days. Insiders own 0.20% of the company’s stock.

Several brokerages recently weighed in on CNP. Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and issued a $29.00 price objective on shares of CenterPoint Energy in a report on Monday, September 11th. Bank of America began coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, SunTrust Banks reissued a “hold” rating and issued a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.89.

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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.

Dividend History for CenterPoint Energy (NYSE:CNP)

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