CenterPoint Energy (NYSE:CNP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CenterPoint Energy (NYSE:CNP) from a sell rating to a hold rating in a research report released on Saturday.

Other equities analysts have also issued research reports about the company. BMO Capital Markets cut their target price on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Bank of America boosted their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Truist Financial lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wolfe Research restated an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.64.

CenterPoint Energy Stock Down 0.0%

Shares of NYSE CNP opened at $42.15 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $27.76 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.49 and a beta of 0.46. The stock’s fifty day simple moving average is $43.23 and its two-hundred day simple moving average is $42.47. CenterPoint Energy has a 12-month low of $36.60 and a 12-month 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 (EPS) 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 return on equity of 11.10% and a net margin of 11.61%.During the same period last year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.3%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio is currently 54.12%.

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 acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in CenterPoint Energy by 49.6% in the 4th 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. Rothschild Investment LLC boosted its stake in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth approximately $35,000. Finally, Rexford Capital Inc. purchased a new stake in CenterPoint Energy during the 1st quarter worth approximately $39,000. 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.