CenterPoint Energy (NYSE:CNP) Price Target Raised to $39.00

CenterPoint Energy (NYSE:CNP) had its target price hoisted by Morgan Stanley from $38.00 to $39.00 in a research report report published on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Several other equities analysts also recently weighed in on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BMO Capital Markets cut their price target on shares of CenterPoint Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research report on Monday, August 17th. KeyCorp lowered their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Barclays dropped their price objective on shares of CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and an average price target of $44.24.

CenterPoint Energy Stock Down 0.2%

NYSE:CNP opened at $41.12 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The stock’s fifty day moving average is $38.99 and its two-hundred day moving average is $41.46. CenterPoint Energy has a 52 week low of $36.37 and a 52 week high of $45.26. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates 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 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts anticipate that CenterPoint Energy will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $770,871,000. Bank of America Corp DE acquired a new stake in CenterPoint Energy in the 2nd quarter valued at about $332,753,000. Legal & General Group Plc purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $250,273,000. GQG Partners LLC purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $176,574,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $163,893,000. 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.