CenterPoint Energy, Inc. (CNP) To Go Ex-Dividend on August 20th

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 2.4%. 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 by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. CenterPoint Energy has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Equities research 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

CNP opened at $40.63 on Tuesday. The stock has a 50-day moving average price of $42.90 and a 200-day moving average price of $42.62. CenterPoint Energy has a 12-month low of $36.60 and a 12-month high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $26.76 billion, a P/E ratio of 23.90, a PEG ratio of 2.42 and a beta of 0.46.

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

Institutional Trading of CenterPoint Energy

A number of hedge funds have recently made changes to their positions in CNP. Empowered Funds LLC purchased a new stake in CenterPoint Energy during the 2nd quarter valued at about $1,559,000. United Capital Financial Advisors LLC bought a new position in CenterPoint Energy in the 2nd quarter worth $868,000. Equitable Holdings Inc. purchased a new stake in CenterPoint Energy in the 2nd quarter worth approximately $244,000. Public Employees Retirement System of Ohio bought a new stake in CenterPoint Energy during the 2nd quarter worth approximately $16,432,000. Finally, Pure Financial Advisors LLC purchased a new position in CenterPoint Energy during the second quarter valued at approximately $222,000. 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.