CenterPoint Energy, Inc. (NYSE:CNP) Receives $42.55 Average Target Price from Analysts

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $42.60.

Several equities research analysts have issued reports on CNP shares. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Barclays cut their price objective on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On CenterPoint Energy

Several institutional investors have recently added to or reduced their stakes in CNP. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy during the 4th quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of CenterPoint Energy in the third quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CenterPoint Energy in the third quarter valued at about $26,000. LRI Investments LLC boosted its position in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after buying an additional 355 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Up 0.0%

CNP opened at $43.72 on Friday. The firm’s fifty day moving average is $42.22 and its two-hundred day moving average is $40.03. The firm has a market cap of $28.60 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. CenterPoint Energy has a twelve month low of $34.72 and a twelve month high of $44.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91.

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

About CenterPoint Energy

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.