CenterPoint Energy, Inc. (NYSE:CNP) Announces $0.29 Quarterly Dividend

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CenterPoint Energy, Inc. (NYSE:CNP) declared a quarterly dividend on Thursday, October 17th, RTT News reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.2875 per share by the utilities provider on Thursday, December 12th. This represents a $1.15 annualized dividend and a dividend yield of 4.02%.

Shares of CenterPoint Energy stock opened at $28.64 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $14.42 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.48. The business’s 50-day moving average price is $29.10 and its 200-day moving average price is $29.25. CenterPoint Energy has a 12 month low of $26.74 and a 12 month high of $31.42.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. CenterPoint Energy had a return on equity of 13.59% and a net margin of 5.55%. The company’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. As a group, analysts predict that CenterPoint Energy will post 1.66 earnings per share for the current fiscal year.

In related news, CEO Scott M. Prochazka sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.06, for a total transaction of $210,420.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 21,000 shares of company stock worth $608,510. 0.24% of the stock is owned by corporate insiders.

CNP has been the topic of several recent research reports. SunTrust Banks upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $32.00 in a research report on Friday, September 6th. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Monday, October 14th. Stifel Nicolaus upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $32.00 in a research report on Friday, September 6th. UBS Group reduced their price objective on CenterPoint Energy from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Goldman Sachs Group increased their price objective on CenterPoint Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.79.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Dividend History for CenterPoint Energy (NYSE:CNP)

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