CenterPoint Energy, Inc. (NYSE:CNP – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $37.18 and last traded at $37.4040, with a volume of 432309 shares trading hands. The stock had previously closed at $37.85.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CNP. Wolfe Research reissued an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Truist Financial dropped their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Royal Bank Of Canada started coverage on CenterPoint Energy in a research note on Tuesday, September 15th. They issued a “sector perform” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets reduced their price objective on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.93.
Check Out Our Latest Analysis on CenterPoint Energy
CenterPoint Energy Stock Performance
CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 net margin of 11.61% and a return on equity of 11.10%. During the same period in the prior year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.
CenterPoint Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th were paid a $0.24 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. CenterPoint Energy’s payout ratio is presently 56.47%.
Institutional Trading of CenterPoint Energy
Institutional investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new position in shares of CenterPoint Energy in the second quarter worth $27,000. New Age Alpha Advisors LLC bought a new stake in CenterPoint Energy in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its position 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 valued at $27,000 after acquiring an additional 235 shares during the period. Rothschild Investment LLC raised its stake in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in shares of CenterPoint Energy during the second quarter worth about $38,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
About CenterPoint Energy
CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.
CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.
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