CenterPoint Energy, Inc. (CNP) is currently trading at $43.2, up 30 cents (0.7%) from the previous close of $42.9. The trading volume stands at $600,861, showing a 11.25% increase relative to the average. The asset has displayed positive movement during the trading session.
CNP's latest quarterly earnings report was released on Wednesday, April 22nd, with a consensus estimate EPS of 0.61. The company's financial performance aligns with market expectations.
The company offers a forward dividend yield of 2.13%. The dividend per share MRQ is 23 cents, showing a year-over-year increase of 7.2289 cents. The trailing twelve months dividend per share is 89 cents.
Wells Fargo, on April 21, maintained an "Overweight" grade for CNP with a hold recommendation at a price of $42.7.
CenterPoint Energy reported a net change in cash of $1.58 billion for the period, with operating cash flow at $282 million. The company ended the period with $1.63 billion in cash.
In the last period, CNP recorded a revenue of $2.98 billion, resulting in a net income of $316 million. The earnings per share (EPS) and diluted EPS stood at 48 cents.
Key ratios for CNP include a net profit margin of 10.62%, return on equity of 2.76%, and a price-to-earnings ratio of 22.3, indicating the company's financial health.
CenterPoint Energy shows total assets of $47.84 billion, with total liabilities at $36.39 billion. The company holds $639 million in cash and cash equivalents.
This comprehensive analysis provides insights into CNP's financial performance and position in the current market session.
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, and Texas and Louisiana through a third party. This segment also engages in the sale of regulated intrastate natural gas, and transportation and storage of natural gas for residential, commercial, industrial, and transportation customers. As of December 31, 2021, it served approximately 2.7 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 71,241 megavolt amperes; operated approximately 1,00,000 linear miles of natural gas distribution and transmission mains; and owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.