CenterPoint Energy (NYSE:CNP) Hits New 1-Year High – What’s Next?

CenterPoint Energy, Inc. (NYSE:CNP)’s stock price hit a new 52-week high on Friday . The company traded as high as $44.06 and last traded at $43.9920, with a volume of 224545 shares. The stock had previously closed at $43.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNP. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Barclays reduced their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. KeyCorp upped their price target on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.55.

CenterPoint Energy Trading Up 1.2%

The firm has a market cap of $28.73 billion, a P/E ratio of 27.44, a PEG ratio of 2.54 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The business has a 50 day moving average of $40.86 and a two-hundred day moving average of $39.45.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Institutional Trading of CenterPoint Energy

Several large investors have recently modified their holdings of CNP. World Investment Advisors grew its stake in CenterPoint Energy by 36.5% during the fourth quarter. World Investment Advisors now owns 7,754 shares of the utilities provider’s stock worth $297,000 after buying an additional 2,074 shares in the last quarter. Corient Private Wealth LLC lifted its stake in CenterPoint Energy by 8.8% during the fourth quarter. Corient Private Wealth LLC now owns 64,338 shares of the utilities provider’s stock worth $2,469,000 after purchasing an additional 5,225 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of CenterPoint Energy by 28.5% in the 4th quarter. Pacer Advisors Inc. now owns 80,200 shares of the utilities provider’s stock valued at $3,075,000 after purchasing an additional 17,786 shares in the last quarter. Finally, Dean Capital Management increased its stake in shares of CenterPoint Energy by 3.2% in the 4th quarter. Dean Capital Management now owns 53,475 shares of the utilities provider’s stock valued at $2,050,000 after purchasing an additional 1,651 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

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.