CenterPoint Energy (NYSE:CNP) Research Coverage Started at HSBC

HSBC began coverage on shares of CenterPoint Energy (NYSE:CNP) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $44.00 price target on the utilities provider’s stock.

Several other equities research analysts also recently issued reports on the stock. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Evercore set a $43.00 price objective on shares of CenterPoint Energy in a research report on Monday, August 17th. Royal Bank Of Canada started coverage on shares of CenterPoint Energy in a research note on Tuesday, September 15th. They issued a “sector perform” rating and a $40.00 target price for the company. Finally, KeyCorp lowered their target price on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.24.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $41.12 on Thursday. The firm has a fifty day moving average of $38.99 and a two-hundred day moving average of $41.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.72 and a beta of 0.47. CenterPoint Energy has a 52 week low of $36.37 and a 52 week high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period last year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC grew its stake in CenterPoint Energy by 2.6% in the third quarter. Apollon Wealth Management LLC now owns 10,666 shares of the utilities provider’s stock valued at $393,000 after purchasing an additional 270 shares in the last quarter. Leeward Investments LLC MA increased its position in shares of CenterPoint Energy by 90.7% during the 3rd quarter. Leeward Investments LLC MA now owns 407,329 shares of the utilities provider’s stock worth $14,990,000 after purchasing an additional 193,683 shares during the last quarter. Signaturefd LLC raised its stake in shares of CenterPoint Energy by 28.3% during the 3rd quarter. Signaturefd LLC now owns 9,318 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 2,057 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of CenterPoint Energy by 20.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,560 shares of the utilities provider’s stock worth $573,000 after purchasing an additional 2,627 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of CenterPoint Energy by 39.2% during the 3rd quarter. Sowell Financial Services LLC now owns 13,193 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 3,717 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.