CenterPoint Energy (NYSE:CNP) Stock Gets Price Target Trim from Barclays

CenterPoint Energy (NYSE:CNP) had its price objective trimmed by Barclays from $44.00 to $41.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Several other brokerages have also issued reports on CNP. KeyCorp dropped their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. decreased 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. BTIG Research assumed coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada began coverage on shares of CenterPoint Energy in a report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Moderate Buy” and an average target price of $44.12.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $40.34 on Monday. The stock has a market cap of $26.57 billion, a P/E ratio of 23.73, a PEG ratio of 2.66 and a beta of 0.47. 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 business’s 50-day moving average price is $38.97 and its two-hundred day moving average price is $41.48. CenterPoint Energy has a twelve month low of $36.37 and a twelve month high of $45.26.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data 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 company 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 quarter in the previous 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 analysts predict that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

Institutional Trading of CenterPoint Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $27,000 after purchasing an additional 235 shares during the last quarter. Focus Financial Network Inc. raised its holdings in CenterPoint Energy by 4.9% during the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock valued at $224,000 after buying an additional 239 shares during the last quarter. CX Institutional raised its holdings in CenterPoint Energy by 3.7% during the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock valued at $337,000 after buying an additional 275 shares during the last quarter. IFP Advisors Inc raised its holdings in CenterPoint Energy by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 2,555 shares of the utilities provider’s stock valued at $113,000 after buying an additional 332 shares during the last quarter. Finally, Accredited Investors Inc. boosted its position in CenterPoint Energy by 5.5% during the 1st quarter. Accredited Investors Inc. now owns 7,222 shares of the utilities provider’s stock valued at $312,000 after buying an additional 375 shares during the period. Institutional investors own 91.77% of the company’s stock.

About CenterPoint Energy

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.