CenterPoint Energy, Inc. (NYSE:CNP) Receives $44.69 Consensus PT from Analysts

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

A number of equities analysts recently commented on CNP shares. Truist Financial reduced their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group lifted their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. KeyCorp lifted their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. 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, JPMorgan Chase & Co. cut their price objective on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th.

Institutional Investors Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in CenterPoint Energy during the 4th quarter worth approximately $343,925,000. T. Rowe Price Investment Management Inc. increased its holdings 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 worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. UBS Group AG increased its position in shares of CenterPoint Energy by 31.3% in the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after purchasing an additional 1,728,865 shares during the last quarter. Jennison Associates LLC increased its position in shares of CenterPoint Energy by 19.4% in the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after purchasing an additional 1,256,993 shares during the last quarter. Finally, Merewether Investment Management LP increased its position in shares of CenterPoint Energy by 85.5% in the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after purchasing an additional 1,149,637 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

CNP opened at $42.48 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The company has a market cap of $27.79 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.50 and a beta of 0.48. CenterPoint Energy has a 52-week low of $35.46 and a 52-week high of $44.47. The firm’s fifty day simple moving average is $42.83 and its two-hundred day simple moving average is $40.88.

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

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s payout ratio is 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.