CenterPoint Energy, Inc. (NYSE:CNP) Receives $44.62 Average Price Target from Brokerages

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.6154.

CNP has been the subject of a number of research reports. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday. Barclays lifted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a report on Monday, February 23rd. Finally, KeyCorp upped their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $42.63 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. CenterPoint Energy has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.57 and a beta of 0.46. The stock’s 50-day simple moving average is $42.62 and its 200-day simple moving average is $41.28.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts forecast that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s payout ratio is currently 56.44%.

Institutional Trading of CenterPoint Energy

A number of large investors have recently made changes to their positions in the stock. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its position 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 valued at $27,000 after acquiring an additional 235 shares in the last quarter. Rothschild Investment LLC boosted its holdings in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new stake in CenterPoint Energy in the fourth quarter valued at approximately $35,000. Finally, Rexford Capital Inc. purchased a new stake in shares of CenterPoint Energy during the first quarter worth approximately $39,000. 91.77% of the stock is currently owned by institutional investors.

About CenterPoint Energy

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.