CenterPoint Energy, Inc. (NYSE:CNP) Shares Set to Pay Quarterly Dividend of $0.24

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

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 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 Price Performance

NYSE CNP traded down $0.18 on Friday, hitting $36.64. 402,788 shares of the company’s stock were exchanged, compared to its average volume of 5,746,665. The stock has a 50-day moving average of $40.37 and a 200-day moving average of $42.07. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a 52 week low of $36.52 and a 52 week high of $45.26. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.50 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts expect that CenterPoint Energy will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On CenterPoint Energy

Several hedge funds have recently added to or reduced their stakes in CNP. QRG Capital Management Inc. grew its holdings in CenterPoint Energy by 1,055.5% during the 2nd quarter. QRG Capital Management Inc. now owns 132,656 shares of the utilities provider’s stock worth $6,335,000 after acquiring an additional 121,176 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of CenterPoint Energy during the second quarter worth $255,000. Andra AP fonden grew its stake in shares of CenterPoint Energy by 76.6% in the second quarter. Andra AP fonden now owns 183,449 shares of the utilities provider’s stock worth $8,079,000 after purchasing an additional 79,549 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in shares of CenterPoint Energy in the second quarter worth $150,000. Finally, Sequoia Financial Advisors LLC increased its holdings in CenterPoint Energy by 9.5% in the second 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 period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.