CenterPoint Energy (NYSE:CNP) Coverage Initiated by Analysts at HSBC

Research analysts at HSBC started coverage on shares of CenterPoint Energy (NYSE:CNP – Get Free Report) in a report released on Thursday, MarketBeat reports. The firm set a “buy” rating and a $44.00 price target on the utilities provider’s stock. HSBC’s price target indicates a potential upside of 9.07% from the company’s current price.

A number of other equities research analysts have also issued reports on CNP. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Friday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research note on Monday, August 17th. Royal Bank Of Canada started coverage on CenterPoint Energy in a report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 price objective for the company. Finally, Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and an average price target of $44.28.

View Our Latest Analysis on CNP

CenterPoint Energy Price Performance

Shares of CNP opened at $40.34 on Thursday. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.66 and a beta of 0.47. CenterPoint Energy has a fifty-two week low of $36.37 and a fifty-two week high of $45.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business’s 50-day moving average is $38.97 and its 200-day moving average is $41.48.

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, topping analysts’ consensus estimates 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 firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

Institutional Trading of CenterPoint Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC lifted its position in shares of CenterPoint Energy by 39.2% during the 3rd quarter. Sowell Financial Services LLC now owns 13,193 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 3,717 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in CenterPoint Energy by 7.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 182,038 shares of the utilities provider’s stock valued at $6,699,000 after purchasing an additional 12,728 shares during the period. Prime Capital Investment Advisors LLC boosted its stake 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 purchasing an additional 1,489 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in CenterPoint Energy by 21.7% in 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 last quarter. Finally, IFP Advisors Inc grew its holdings in CenterPoint Energy by 146.0% in 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 last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

(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.

Further Reading

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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