CenterPoint Energy (NYSE:CNP) Issues FY 2025 Earnings Guidance

CenterPoint Energy (NYSE:CNP) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.750-1.770 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -. CenterPoint Energy also updated its FY 2026 guidance to 1.890-1.910 EPS.

CenterPoint Energy Stock Performance

NYSE:CNP traded up $0.29 during trading hours on Monday, reaching $39.10. 6,526,666 shares of the company’s stock were exchanged, compared to its average volume of 5,238,331. CenterPoint Energy has a 1-year low of $28.57 and a 1-year high of $40.50. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.84 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average of $38.12 and a 200 day moving average of $37.21.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same quarter last year, the firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Research analysts anticipate that CenterPoint Energy will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Scotiabank raised their price objective on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Friday, July 25th. Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. BMO Capital Markets raised their price objective on shares of CenterPoint Energy from $36.00 to $39.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley lowered their price objective on shares of CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.41.

Hedge Funds Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC lifted its stake in CenterPoint Energy by 6.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 14,373 shares of the utilities provider’s stock valued at $528,000 after acquiring an additional 897 shares in the last quarter. Advisory Services Network LLC increased its position in CenterPoint Energy by 56.7% during the 2nd quarter. Advisory Services Network LLC now owns 9,498 shares of the utilities provider’s stock worth $369,000 after buying an additional 3,437 shares during the period. CANADA LIFE ASSURANCE Co increased its position in CenterPoint Energy by 3.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 812,535 shares of the utilities provider’s stock worth $29,890,000 after buying an additional 28,724 shares during the period. MUFG Securities EMEA plc bought a new position in shares of CenterPoint Energy in the second quarter worth $71,000. Finally, Corient Private Wealth LLC increased its position in shares of CenterPoint Energy by 3.5% in the second quarter. Corient Private Wealth LLC now owns 56,695 shares of the utilities provider’s stock worth $2,083,000 after purchasing an additional 1,921 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About CenterPoint Energy

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.