CenterPoint Energy, Inc. (CNP) To Go Ex-Dividend on May 15th

CenterPoint Energy, Inc. (NYSE:CNPGet Free Report) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Thursday, May 16th will be given a dividend of 0.20 per share by the utilities provider on Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, May 15th.

CenterPoint Energy has increased its dividend by an average of 1.3% per year over the last three years and has raised its dividend every year for the last 3 years. CenterPoint Energy has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CenterPoint Energy to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 46.0%.

CenterPoint Energy Price Performance

NYSE:CNP opened at $29.70 on Monday. CenterPoint Energy has a 52 week low of $25.42 and a 52 week high of $31.43. The stock’s fifty day moving average is $28.39 and its two-hundred day moving average is $28.16. The company has a market capitalization of $19.00 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.62 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 1.81.

CenterPoint Energy (NYSE:CNPGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same period in the prior year, the business posted $0.50 EPS. Equities analysts expect that CenterPoint Energy will post 1.62 EPS for the current year.

Insider Buying and Selling at CenterPoint Energy

In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $29.42, for a total value of $166,811.40. Following the sale, the director now owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CNP has been the subject of a number of research analyst reports. Evercore ISI cut CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $29.00 to $30.00 in a report on Tuesday, January 23rd. upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Mizuho restated a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Scotiabank lowered their target price on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Barclays raised their target price on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.18.

View Our Latest Stock Analysis on CenterPoint Energy

CenterPoint Energy Company Profile

(Get Free Report)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.

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Dividend History for CenterPoint Energy (NYSE:CNP)

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