CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Thursday, January 5th. Investors of record on Thursday, February 16th will be paid a dividend of 0.2675 per share on Friday, March 10th. This represents a $1.07 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Tuesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.26.
Shares of CenterPoint Energy (NYSE:CNP) opened at 26.42 on Thursday. The company has a 50 day moving average price of $25.42 and a 200 day moving average price of $23.72. The company’s market capitalization is $11.38 billion. CenterPoint Energy has a 52 week low of $17.52 and a 52 week high of $26.45.
A number of equities analysts recently commented on the stock. Barclays PLC reiterated a “hold” rating and issued a $27.00 target price on shares of CenterPoint Energy in a research report on Monday, January 9th. Guggenheim assumed coverage on shares of CenterPoint Energy in a research report on Thursday, November 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. TheStreet upgraded shares of CenterPoint Energy from a “c+” rating to a “b-” rating in a research report on Tuesday, January 10th. Finally, Credit Suisse Group cut shares of CenterPoint Energy from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a research report on Tuesday, November 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.87.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.