CenterPoint Energy, Inc. (NYSE:CNP) Receives $44.62 Consensus Target Price from Brokerages

CenterPoint Energy, Inc. (NYSE:CNP) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $44.6154.

A number of equities research analysts have recently weighed in on the stock. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research note on Monday, February 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC grew its holdings in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares during the last quarter. Rexford Capital Inc. bought a new stake in CenterPoint Energy during the 1st quarter worth approximately $39,000. Finally, DV Equities LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $35,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

CNP stock opened at $43.09 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. CenterPoint Energy has a 12 month low of $35.46 and a 12 month high of $44.47. The firm has a market cap of $28.19 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.54 and a beta of 0.46. The company’s 50-day moving average price is $42.65 and its two-hundred day moving average price is $41.23.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, analysts anticipate that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s payout ratio is presently 56.44%.

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.