CenterPoint Energy, Inc. (CNP) to Issue Quarterly Dividend of $0.24 on September 10th

CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.24 per share by the utilities provider on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. This is a 4.3% increase from CenterPoint Energy’s previous quarterly dividend of $0.23.

CenterPoint Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. CenterPoint Energy has a payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 44.2%.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $43.29 on Friday. The firm has a market capitalization of $28.32 billion, a P/E ratio of 26.56, a PEG ratio of 2.53 and a beta of 0.46. CenterPoint Energy has a one year low of $35.94 and a one year high of $45.22. The company’s fifty day moving average is $42.98 and its two-hundred day moving average is $42.11. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On CenterPoint Energy

A number of institutional investors have recently made changes to their positions in CNP. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its stake in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Rothschild Investment LLC raised its stake in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. DV Equities LLC purchased a new position in CenterPoint Energy in the 4th quarter valued at about $35,000. Finally, Rexford Capital Inc. purchased a new position in CenterPoint Energy in the 1st quarter valued at about $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.