Center Point Energy Stock
U.S. power producer CenterPoint Energy Inc said on Monday that it had set a target to cut emissions related to its operations by 70% by 2035 under its new carbon policy. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Also known as strong sell, it’s a recommendation to sell a security or to liquidate an asset. Forecasts should be used to supplement existing strategies and plans. Trading based on a recommendation chart is is considered bad practice. Analyst reports should only be used in conjunction with your own analytics.
MarketBeat’s community ratings are surveys of what our community members think about CenterPoint Energy and other stocks. Vote “Outperform” if you believe CNP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNP will underperform the S&P 500 over the long term. According to analysts’ consensus price target of $21.47, CenterPoint Energy has a forecasted downside of 4.3% from its current price of $22.44. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.
To provide forecasts, analysts and brokers use companies’ public financial reports and speak with their employees and clients. The end result is a solution that’s marked on the chart, which shows analysts’ opinions at different periods of time. Move your cursor to track on what the dates the recommendations changed. This quarterly dividend represents a 6.7 percent increase from the previous quarterly dividend of $0.1500 and, if annualized, would equate to $0.64 per share. With decades of Wall Street experience, we publish investment newsletters and website articles offering advice on the best stocks, options, ETFs and mutual funds to invest in for both dividends and capital gains. We are working on updating this web app to fully enable Quantitative Ratios.
22.44.The all-time high CenterPoint Energy stock closing price was 50.02 on May 01, 2001. CenterPoint Energy Inc holds several positive signals, but we still don’t find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Hold/Accumulate candidate. Evaluation of CenterPoint Energy Inc stock downgraded after the last trading session. Golden Star is a rare signal often followed by significant gains. Get the list of all stocks with recently detected Golden Stars here.
A company with a hold recommendation is expected to perform on par with comparable companies or in line with the market. A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as “moderate sell”, “weak hold” and “underweight.” According to 18 analysts, the average rating for CNP stock is “Buy.” The 12-month stock price forecast is 24.27, which is an increase of 8.16% from the latest price. CenterPoint Energy’s revenues in the third quarter decline 2.2% year over year due to lower revenues from the utility and non-utility segment. CenterPoint Energy makes a strong case for investment, courtesy of its ongoing investments, customer additions and its better return on investment compared with its industry average. With Wall Street seeing its worst one-day selloff on Jan 27 since October 2020 and with the bearish trend likely to continue, it’s safe to bet on stocks like Allete , B&G Foods and Merck .
PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly. Also known as “moderate buy”, “accumulate”, and “overweight.” Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return. This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
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Should You Buy Centerpoint Energy (cnp) Ahead Of Earnings?
View our full suite of financial calendars and market data tables, all for free. CenterPoint Energy pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.84%. CenterPoint Energy does not yet have a strock track record of dividend growth. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CenterPoint Energy will have a dividend payout ratio of 45.07% next year. This indicates that CenterPoint Energy will be able to sustain or increase its dividend. PitchBook is a financial technology company that provides data on the capital markets.
Evaluation Of Centerpoint Energy Inc Stock Downgraded After The Last Trading Session (updated On March 16,
CenterPoint Energy’s stock was trading at $17.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization . Since then, CNP shares have increased by 27.1% and is now trading at $22.44.
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CenterPoint’s valuation looks attractive, considering the current low-interest-rate environment. The broader utility sector trades at over 18x forward earnings. In comparison, based on consensus 2021 earnings CenterPoint stock trades at just about 15x. The company serves customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas.
Centerpoint Energy Inc Cnp:nyse
The company also owns a limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. Incorporated in 2002, Houston, TX-based CenterPoint Energy Inc. is a domestic energy delivery company that provides electric transmission & distribution, natural gas distribution and competitive natural gas sales and services operations. The company maintains the wires, poles and electric infrastructure serving more than 2.5 million metered customers in the greater Houston area and in southwestern Indiana. CenterPoint Energy also owns and operates nearly 1,300 megawatts of electric generation capacity in Indiana. As of Dec 31, 2020, CNP Midstream owned approximately 53.7% of the common units representing limited partner interests in Enable, which owns, operates and develops natural gas and crude oil infrastructure assets.
It appears that CenterPoint Energy insiders own 0.2% of the company, worth about US$28m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
Zacks Industry Outlook Highlights: Nextera Energy, Dte Energy, Edison International, Transalta Corp And Centerpoint Energy
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. CenterPoint Energy’s stock price has declined by about 25% since 2017. The company’s revenues grew from around $9.6 billion in 2017 to about $12.3 billion in 2019, driven partly by its acquisition of Vectren, an Indiana-based utility company. However, revenues have declined over the last twelve months, to $12.1 billion, due to lower demand for electricity among commercial and industrial users. While the company’s reported net income has been volatile due to the effect of tax and one-time items, its adjusted EPS has grown steadily from around $1.37 in 2017 to $1.79 in 2019, although it declined to about $1.50 over the last twelve months.
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Secondly, CenterPoint expects earnings growth to be stronger going forward, driven by higher capital expenditures and cost improvements. It upped its annual EPS growth rate target from 5-7% to 6-8% during its investor day event.
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Only 0.13% of the stock of CenterPoint Energy is held by insiders. CenterPoint Energy has only been increasing its dividend for 1 years. CenterPoint Energy has only been the subject of 4 research reports in the past 90 days. After a November setback, a new development has investors hoping for a turnaround.
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9 employees have rated CenterPoint Energy CEO David J. Lesar on Glassdoor.com. David J. Lesar has an approval rating of 100% among CenterPoint Energy’s employees. This puts David J. Lesar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. PEG Ratios above 1 indicate that a company could be overvalued. Earnings for CenterPoint Energy are expected to grow by 8.40% in the coming year, from $1.31 to $1.42 per share.
About Centerpoint Energy Inc
15 analysts have issued 1-year target prices for CenterPoint Energy’s shares. On average, they anticipate CenterPoint Energy’s share price to reach $21.47 in the next year. This suggests that the stock has a possible downside of 4.3%. View analysts’ price targets for CenterPoint Energy or view top-rated stocks among Wall Street analysts. “StockInvest.us” is a research service that provides financial data and technical analysis of publicly traded stocks.