KeyCorp Issues Positive Forecast for CenterPoint Energy (NYSE:CNP) Stock Price

CenterPoint Energy (NYSE:CNP) had its target price raised by research analysts at KeyCorp from $41.00 to $47.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would suggest a potential upside of 8.42% from the company’s current price.

Several other research analysts have also commented on CNP. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, January 13th. Morgan Stanley reiterated an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a research 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 given a Sell rating to the company. Based on data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Hold” and an average price target of $42.55.

CenterPoint Energy Trading Up 0.0%

NYSE:CNP opened at $43.35 on Wednesday. The company has a market cap of $28.30 billion, a PE ratio of 27.09, a P/E/G ratio of 2.57 and a beta of 0.58. The business’s 50 day moving average is $40.15 and its two-hundred day moving average is $39.21. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. CenterPoint Energy has a 52 week low of $33.24 and a 52 week high of $43.64.

CenterPoint Energy (NYSE:CNP) last posted 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 for 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 in the prior year, the company posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts predict that CenterPoint Energy will post 1.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in CenterPoint Energy by 28.5% in the fourth quarter. Pacer Advisors Inc. now owns 80,200 shares of the utilities provider’s stock worth $3,075,000 after purchasing an additional 17,786 shares during the period. Dean Capital Management grew its position in 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 buying an additional 1,651 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. Finally, TMB Capital Partners LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth about $382,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.