CenterPoint Energy, Inc. (CNP) to Issue Quarterly Dividend of $0.24 on December 10th

CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Thursday, September 24th. Investors of record on Thursday, November 19th will be given a dividend of $0.24 per share by the utilities provider on Thursday, December 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 19th.

CenterPoint Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. CenterPoint Energy has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 46.2%.

CenterPoint Energy Stock Up 0.1%

Shares of NYSE:CNP opened at $36.85 on Friday. The firm’s 50 day moving average price is $40.25 and its 200 day moving average price is $42.04. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.46. CenterPoint Energy has a fifty-two week low of $36.49 and a fifty-two week high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of CenterPoint Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in CenterPoint Energy by 1,055.5% in the second quarter. QRG Capital Management Inc. now owns 132,656 shares of the utilities provider’s stock valued at $6,335,000 after buying an additional 121,176 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of CenterPoint Energy during the second quarter worth approximately $255,000. Andra AP fonden increased its holdings in shares of CenterPoint Energy by 76.6% in the 2nd quarter. Andra AP fonden now owns 183,449 shares of the utilities provider’s stock valued at $8,079,000 after acquiring an additional 79,549 shares during the period. Core Capital Management & Research inc. acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at $150,000. Finally, Sequoia Financial Advisors LLC raised its position in CenterPoint Energy by 9.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,806 shares of the utilities provider’s stock valued at $1,048,000 after purchasing an additional 2,057 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.