CenterPoint Energy, Inc (Holdin which can be found using ticker (CNP) have now 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 35 and 28 calculating the average target price we see $32.08. Given that the stocks previous close was at $30.40 and the analysts are correct then we can expect a percentage increase in value of 5.5%. The 50 day moving average now sits at $29.00 and the 200 day moving average is $29.86. The market cap for the company is $19,334m. You can visit the company’s website by visiting: https://www.centerpointenergy.com
The potential market cap would be $20,402m based on the market consensus.
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 optimizes assets in the wholesale power market. The Natural Gas segment engages in the intrastate natural gas sales, natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provision of home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. As of December 31, 2022, it served approximately 2,534,730 metered customers; owned 349 substations with transformer capacity of 78,956 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.
The company has a dividend yield of 2.5% with the ex dividend date set at 15-2-2023 (DMY).
Other points of data to note are a P/E ratio of 19.27, revenue per share of 14.81 and a 2.55% return on assets.
