CenterPoint Energy, Inc. (CNP) – What Are Researchers Saying About This Stock?

Shares of CenterPoint Energy, Inc. (NYSE:CNP – Get Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.06.

Several brokerages have recently commented on CNP. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Royal Bank Of Canada initiated coverage on CenterPoint Energy in a research note on Tuesday, September 15th. They issued a “sector perform” rating and a $40.00 target price for the company. Finally, KeyCorp cut their target price on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th.

Get Our Latest Analysis on CNP

CenterPoint Energy Stock Performance

NYSE CNP opened at $40.24 on Wednesday. CenterPoint Energy has a 52-week low of $36.37 and a 52-week high of $45.26. The company has a fifty day moving average of $38.97 and a 200-day moving average of $41.50. The company has a market capitalization of $26.51 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.61 and a beta of 0.47. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12.

CenterPoint Energy (NYSE:CNP – Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s payout ratio is presently 56.47%.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in shares of CenterPoint Energy by 7.5% in the third quarter. Nisa Investment Advisors LLC now owns 182,038 shares of the utilities provider’s stock worth $6,699,000 after buying an additional 12,728 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in CenterPoint Energy by 10.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,027 shares of the utilities provider’s stock valued at $590,000 after buying an additional 1,489 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in CenterPoint Energy by 21.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,637 shares of the utilities provider’s stock valued at $3,998,000 after buying an additional 19,372 shares during the period. IFP Advisors Inc boosted its position in CenterPoint Energy by 146.0% during the 3rd quarter. IFP Advisors Inc now owns 6,286 shares of the utilities provider’s stock valued at $231,000 after buying an additional 3,731 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in CenterPoint Energy during the 3rd quarter valued at $264,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About CenterPoint Energy

(Get Free Report)

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.

See Also

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.