CenterPoint Energy (NYSE:CNP) Sets New 12-Month Low – What’s Next?

Shares of CenterPoint Energy, Inc. (NYSE:CNP) reached a new 52-week low on Tuesday. The company traded as low as $36.37 and last traded at $36.84, with a volume of 113223 shares traded. The stock had previously closed at $36.62.

Analysts Set New Price Targets

CNP has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 target price for the company. Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Morgan Stanley decreased their price objective on shares of CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. KeyCorp lowered their price objective on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, BTIG Research began coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, CenterPoint Energy has an average rating of “Moderate Buy” and a consensus price target of $44.93.

CenterPoint Energy Price Performance

The firm has a fifty day moving average of $40.12 and a two-hundred day moving average of $41.98. The stock has a market capitalization of $24.15 billion, a P/E ratio of 21.58, a P/E/G ratio of 2.44 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

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

CenterPoint Energy Announces Dividend

The firm also recently disclosed 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 2.6%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.

Institutional Trading of CenterPoint Energy

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its position in 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 valued at $27,000 after acquiring an additional 235 shares in the last quarter. Focus Financial Network Inc. grew its position in CenterPoint Energy by 4.9% in the second quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 239 shares in the last quarter. CX Institutional increased its stake in shares of CenterPoint Energy by 3.7% during the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 275 shares during the last quarter. IFP Advisors Inc increased its stake in shares of CenterPoint Energy by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 2,555 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 332 shares during the last quarter. Finally, Accredited Investors Inc. raised its holdings in shares of CenterPoint Energy by 5.5% during the 1st quarter. Accredited Investors Inc. now owns 7,222 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.