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CenterPoint Energy

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.

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CenterPoint Energy, Inc (Holding Co) Common Stock

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CenterPoint Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) short percent of float has risen 9.41% since its last report. The company recently reported that it has 18.20 million shares sold short, which is 3.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CenterPoint Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734357613_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CenterPoint Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CenterPoint Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CenterPoint Energy's peer group average for short interest as a percentage of float is 2.52%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into CenterPoint Energy's Recent Short Interest

Ladenburg Thalmann analyst Paul Fremont initiates coverage on CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Buy rating and announces Price Target of $34.5.

Price Target

Initiation

Analyst Ratings

Ladenburg Thalmann Initiates Coverage On CenterPoint Energy with Buy Rating, Announces Price Target of $34.5

Scotiabank analyst Andrew Weisel upgrades CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) from Sector Perform to Sector Outperform and raises the price target from $30 to $35.

Upgrades

Scotiabank Upgrades CenterPoint Energy to Sector Outperform, Raises Price Target to $35

6 analysts have expressed a variety of opinions on CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $31.83, a high estimate of $37.00, and a low estimate of $29.00. This current average has increased by 6.81% from the previous average price target of $29.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1733230815_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of CenterPoint Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$31.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$30.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$32.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$32.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Ross Fowler</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$29.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CenterPoint Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of CenterPoint Energy compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of CenterPoint Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of CenterPoint Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CNP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CenterPoint Energy analyst ratings.</a>
<h2>Unveiling the Story Behind CenterPoint Energy</h2>
CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
<h3>Unraveling the Financial Story of CenterPoint Energy</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: CenterPoint Energy's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -0.22%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: CenterPoint Energy's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 10.4%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.85%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.46%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.89, CenterPoint Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For CenterPoint Energy

UBS analyst William Appicelli upgrades CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) from Neutral to Buy and raises the price target from $31 to $37.

UBS Upgrades CenterPoint Energy to Buy, Raises Price Target to $37

CenterPoint Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) short percent of float has fallen 5.82% since its last report. The company recently reported that it has 18.19 million shares sold short, which is 3.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.61 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CenterPoint Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732552210_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CenterPoint Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing CenterPoint Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CenterPoint Energy's peer group average for short interest as a percentage of float is 2.47%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CNP) - Analyzing CenterPoint Energy's Short Interest

Morgan Stanley analyst David Arcaro maintains CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Equal-Weight and lowers the price target from $32 to $31.

Morgan Stanley Maintains Equal-Weight on CenterPoint Energy, Lowers Price Target to $31

Scotiabank analyst Andrew Weisel maintains CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Sector Perform and raises the price target from $28 to $30.

Scotiabank Maintains Sector Perform on CenterPoint Energy, Raises Price Target to $30

Investor sentiment turned optimistic towards risk assets early this week as plummeting oil prices, driven by Israel's decision not to target Iran's crude facilities during weekend attacks, eased concerns over an escalated Middle Eastern conflict and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">potential global economic disruptions.</a>
The S&amp;P 500 gained 0.3%, the tech-heavy Nasdaq 100 mirrored this performance and the Dow added 0.6%.
Economically sensitive small-cap stocks saw stronger gains, with the Russell 2000 soaring 1.5% after a stretch of losses in six of the last seven sessions.
West Texas Intermediate (WTI) crude – tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – dropped over 5% in midday New York trading, heading for its sharpest one-day decline since July 2022. Natural gas prices also plunged, with Henry Hub prices falling more than 9%, poised for their steepest single-session loss since mid-January.
U.S. energy stocks weakened, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) standing as the sole sector in the red on Monday.
Despite the significant drop in energy prices, Treasury yields continued to rise, potentially tempering the stock market&#8217;s bullish momentum. Investors remain cautious about further U.S. fiscal policy deterioration as election season approaches. 
Yields on 10-year Treasury bonds rose by 5 basis points to 4.29%, aiming for their highest close since July 11.
Gold prices held steady around $2,745 per ounce, marking no gains since last Tuesday's close.
Sentiment in cryptocurrency markets remained bullish, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) up 1.4% to over $68,000, reaching a one-week high, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) jumped 4.5% in its third consecutive session of gains, eyeing the highest levels since June.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.10</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,381.18</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,828.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,409.47</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $581.22.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $424.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% higher to $496.42.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.7% to $222.55.</li>
<li>The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 1.1%. The Energy Select Sector SPDR Fund lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Airlines and cruise line stocks rallied as oil prices declined. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) was up by 4.5%, Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), up by 4%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 3.5%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 4.5%, Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up 2.8%, and Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 0.9%.</li>
</ul>
Stocks reacting on earnings reports included ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), up 4.4% and CenterPoint Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), up 1%. 
Large-cap companies slated to report their earnings after the close are Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) and F5 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?</a></li>
</ul>
Photo via Shutterstock.

Earnings

Equities

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Movers

Tech

ETFs

$BTC

$DOGE

CDNS

SPDR Dow Jones Industrial Average ETF Trust

FFIV

NCLH

Wall Street Gains As Crude Tumbles, Small Caps Soar, Bitcoin Tops $68,000: What's Driving Markets Monday?

CenterPoint Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) reported third-quarter sales of&nbsp;$1.856 billion<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41569191/centerpoint-energy-reports-q3-2024-results-reiterates-2024-full-year-guidance-and-initiates-2025-f" rel="noreferrer noopener">, which missed the street view of $1.933 billion</a>.
Adjusted EPS was $0.31, <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">missing the consensus of $0.32</a>. Adjusted EPS was $0.09 lower from the same period in 2023, owing to a $0.11 per share increase in operating and maintenance expenses linked to the first phase of the Greater Houston Resiliency Initiative.
Growth and regulatory recovery added $0.09 per share, but gains were offset by unfavorable usage ($0.02 per share) due to Hurricane Beryl outages and adverse weather variances ($0.04 per share) at Houston Electric, compared to third-quarter 2023.
Outlook: The company reaffirmed its 2024 adjusted EPS guidance of $1.61 &#8211; $1.63 (vs. street view of $1.62), reflecting 8% growth over 2023 at the midpoint.
CenterPoint also introduced 2025 adjusted EPS guidance of $1.74 &#8211; $1.76 (vs. consensus of $1.73), representing an <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">8% increase from the 2024 midpoint</a>.
The company reiterated the company&#8217;s annual EPS growth target of 6% &#8211; 8% through 2030.
Jason Wells, President &amp; CEO of CenterPoin said, &#8220;Our enhanced resiliency investment journey is well underway, and we&#8217;ve made tremendous progress over the last couple years in hardening our transmission system.&#8221;
&#8220;We&#8217;ve now turned our attention to increasing and accelerating investments in automation and self-healing technologies at the distribution system level which we believe will help us deliver on our goal for Houston Electric to build the most resilient coastal grid in the nation.&#8221;
Investors can gain exposure to the stock via Virtus Reaves Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTES#NYSE">UTES</a>) and First Trust Utilities AlphaDEX Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXU#NYSE">FXU</a>).
Price Action: CNP shares closed lower by 0.58% at $29.31 on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40841924/nisource-set-for-outperformance-but-centerpoint-energy-faces-regulatory-hurdles-say" target="_blank" rel="noreferrer noopener">NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst</a></li>
</ul>

Guidance

UTES

CenterPoint Energy Q3: Misses On Earnings, But Keeps 2024-2025 Growth Target Strong

<ul>
<li>Initiated 2025 non-GAAP guidance range of $1.74-$1.76 per diluted share, which at the midpoint represents 8% growth from the 2024 midpoint and further maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually1</li>
</ul>

CenterPoint Initiated 2025 Guidance With Non-GAAP EPS Range Of $1.74-$1.76 Vs. $1.73 Consensus

<ul>
<li>Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63 per diluted share, which represents 8% growth over full-year 2023 non-GAAP EPS at the midpoint1</li>
</ul>

CenterPoint Energy Reiterated 2024 Non-GAAP EPS Guidance Of $1.61-$1.63 Vs. $1.62 Consensus

CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.32 by 3.13 percent. This is a 22.5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $1.856 billion which missed the analyst consensus estimate of $1.933 billion by 3.98 percent. This is a 0.22 percent decrease over sales of $1.860 billion the same period last year.

Earnings Misses

CenterPoint Energy Q3 2024 Adj. EPS $0.31 Misses $0.32 Estimate, Sales $1.856B Miss $1.933B Estimate

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) to report quarterly earnings at 97 cents per share on revenue of $1.75 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. ON Semiconductor shares gained 0.3% to $71.44 in after-hours trading.</li>
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ON Semiconductor, Ford And 3 Stocks To Watch Heading Into Monday

CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.
Analysts are estimating that CenterPoint Energy will report an earnings per share (EPS) of $0.44.
Investors in CenterPoint Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.03, leading to a 2.67% drop in the share price on the subsequent day.
Here's a look at CenterPoint Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.33</td>
<td>0.53</td>
<td>0.32</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.36</td>
<td>0.55</td>
<td>0.32</td>
<td>0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729868495_0.png" alt="eps graph" />
<h3>Market Performance of CenterPoint Energy's Stock</h3>
Shares of CenterPoint Energy were trading at $29.48 as of October 24. Over the last 52-week period, shares are up 10.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about CenterPoint Energy</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CenterPoint Energy.
CenterPoint Energy has received a total of 10 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $29.5, the consensus suggests a potential 0.07% upside.
<h3>Peer Ratings Overview</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of CMS Energy, NiSource and Ameren, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>CMS Energy is maintaining an Outperform status according to analysts, with an average 1-year price target of $71.83, indicating a potential 143.66% upside.</li>
<li>NiSource is maintaining an Outperform status according to analysts, with an average 1-year price target of $36.57, indicating a potential 24.05% upside.</li>
<li>Ameren is maintaining an Outperform status according to analysts, with an average 1-year price target of $88.75, indicating a potential 201.05% upside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for CMS Energy, NiSource and Ameren, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>CenterPoint Energy</td>
<td>Neutral</td>
<td>1.60%</td>
<td>$994M</td>
<td>2.24%</td>
</tr>
<tr>
<td>CMS Energy</td>
<td>Outperform</td>
<td>3.34%</td>
<td>$658M</td>
<td>2.52%</td>
</tr>
<tr>
<td>NiSource</td>
<td>Outperform</td>
<td>-0.49%</td>
<td>$562.30M</td>
<td>1.09%</td>
</tr>
<tr>
<td>Ameren</td>
<td>Outperform</td>
<td>-3.81%</td>
<td>$868M</td>
<td>2.25%</td>
</tr>
</tbody>
</table>

Key Takeaway:
CenterPoint Energy ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Delving into CenterPoint Energy's Background</h3>
CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
<h3>CenterPoint Energy's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: CenterPoint Energy's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.6%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: CenterPoint Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.97%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): CenterPoint Energy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.24% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): CenterPoint Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.56%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.85.
<a href="https://www.benzinga.com/quote/CNP/earnings">To track all earnings releases for CenterPoint Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For CenterPoint Energy

Analysts' ratings for CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated CenterPoint Energy and provided 12-month price targets. The average target is $29.83, accompanied by a high estimate of $32.00 and a low estimate of $28.00. Highlighting a 2.64% decrease, the current average has fallen from the previous average price target of $30.64. 
<img src="https://www.benzinga.com/files/images/story/2024/1729108811_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of CenterPoint Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$32.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$32.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Ross Fowler</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$29.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$30.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$28.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$28.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$29.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$28.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$33.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to CenterPoint Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of CenterPoint Energy compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CenterPoint Energy's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into CenterPoint Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CNP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CenterPoint Energy analyst ratings.</a>
<h2>Unveiling the Story Behind CenterPoint Energy</h2>
CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
<h3>Understanding the Numbers: CenterPoint Energy's Finances</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: CenterPoint Energy displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.6%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.97%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CenterPoint Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 2.24%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): CenterPoint Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.56%, the company showcases efficient use of assets and strong financial health.
Debt Management: CenterPoint Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.85.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wells Fargo analyst Sarah Akers maintains CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Equal-Weight and raises the price target from $28 to $32.

Wells Fargo Maintains Equal-Weight on CenterPoint Energy, Raises Price Target to $32

<ul>
<li>Collaboration Leverages Technosylva&#39;s Advanced AI and Machine Learning to Strengthen Resilience and Prepare for Extreme Weather</li>
</ul>

Reported Earlier, CenterPoint And Technosylva Collaborate On AI-Driven Weather Resilience Solutions

Mobilizing AI capabilities and digital modeling technologies will help optimize safety, reliability and resilience while reducing the impact on CenterPoint&#39;s customers

Reported Earlier, CenterPoint Energy And Neara Collaborate To Advance Electric Grid Resiliency With AI And Digital Modeling In Houston

Longer-Term Commitment to Resiliency and Investment Beyond the near-term actions of GHRI Phase Two, CenterPoint will refile its long-term resiliency plan with the PUCT on or before January 31, 2025. The goal of the long-term resiliency plan is to mitigate a broad spectrum of risks that threaten its system by hardening key aspects of the infrastructure, enhancing the security of the grid and building a smarter grid that can combat extreme weather, major storms and hurricanes to reduce the impact of outages experienced by its customers and mitigate wildfire risk.
As part of the long-term plan, CenterPoint will also propose investing at least $5 billion from 2026 to 2028 – the largest investment in Greater Houston infrastructure in the company's nearly 160-year history. The at least $5 billion is part of CenterPoint's new capital investment plan that includes more than $21 billion in total capital investment in its Texas electric and gas systems from 2025 through 2030, exceeding its current plan.

CenterPoint Energy Announces A Comprehensive Suite of New Actions Of Greater Houston Resiliency Initiative To Strengthen The Electric Grid Across The Region; Beyond Near-Term Actions Of GHRI Phase Two, Co Will Refile Its Long-Term Resiliency Plan With PUCT On Or Before January 31, 2025; Co Will Also Propose Investing At Least $5B From 2026-2028

CenterPoint Energy's (CNP) board of directors declared a regular quarterly cash dividend of 22c per share on the issued and outstanding shares of c...

CenterPoint Energy raises quarterly dividend to 22c from 21c per share

'Risk-On' Investor Attitude Could Drag U.S. Utility Stock Performance In 2025

Notable analyst calls this week: AMD, Adobe and Utilities stocks among top picks

CenterPoint raises dividend by 5% to $0.22 per share

The latest announcement is out from Centerpoint Energy ( ($CNP) ). CenterPoint Energy announced the appointment of Dean Seavers as a new member of ...

CenterPoint Energy Appoints Dean Seavers to Board

CenterPoint Energy (CNP) announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid'...

CenterPoint Energy appoints Seavers as new board member

CenterPoint Energy (CNP) announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointme...

CenterPoint Energy announces senior leadership changes

Miller-Howard Utilities Plus Q3 2024 Commentary

DPG: This Utility Fund May Be Worth Considering

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Press Releases

Greater Houston Resiliency Initiative Progress Update: CenterPoint Energy Makes Significant Advances on Critical Resiliency Actions

CenterPoint Energy continues to invest in the safety, reliability and resiliency of its natural gas system to benefit customers

CenterPoint Energy announces critical readiness actions in Texas to prepare for 2025 winter storm season

Greater Houston Resiliency Initiative Phase Two Monthly Update: CenterPoint Energy continues to make good progress with more than 7,000 stronger poles installed across the area in less than 100 days

CenterPoint Energy launches "12 Days of Holiday Safety" winter campaign

Dividends

CenterPoint Energy Declares Regular Common Stock Dividend of $0.2200

CenterPoint Energy appoints Dean Seavers as new Board member

/C O R R E C T I O N -- CenterPoint Energy, Inc/

CenterPoint Energy proposes solution to help mitigate ERCOT's regional energy shortfall in Central Texas while lowering Greater Houston-area customer bills

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