CenterPoint Energy, Inc. (NYSE:CNP) to Issue $0.23 Quarterly Dividend

CenterPoint Energy, Inc. (NYSE:CNP) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.23 per share by the utilities provider on Thursday, June 11th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 21st.

CenterPoint Energy has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 5 years. CenterPoint Energy has a payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CenterPoint Energy to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 49.2%.

CenterPoint Energy Stock Up 1.7%

Shares of CNP opened at $43.22 on Friday. The company has a market capitalization of $28.27 billion, a PE ratio of 27.01, a PEG ratio of 2.52 and a beta of 0.54. CenterPoint Energy has a 12 month low of $35.46 and a 12 month high of $44.47. The stock’s 50-day moving average price is $42.85 and its two-hundred day moving average price is $40.34. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same period in the previous year, the firm posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts anticipate that CenterPoint Energy will post 1.75 EPS for the current year.

Institutional Trading of CenterPoint Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in CenterPoint Energy by 3.3% in the 3rd quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock valued at $18,878,000 after buying an additional 15,754 shares in the last quarter. Reaves W H & Co. Inc. boosted its stake in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in CenterPoint Energy by 23.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock valued at $6,636,000 after purchasing an additional 32,344 shares during the last quarter. Nordea Investment Management AB boosted its stake in CenterPoint Energy by 14.3% during the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after purchasing an additional 65,440 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in CenterPoint Energy by 31.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock valued at $13,611,000 after purchasing an additional 83,127 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.