CenterPoint Energy (NYSE:CNP) Stock Price Target Cut by KeyCorp

CenterPoint Energy (NYSE:CNP) had its target price dropped by equities researchers at KeyCorp from $46.00 to $44.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would suggest a potential upside of 11.00% from the company’s current price. KeyCorp also issued estimates for CenterPoint Energy’s Q4 2026 earnings at $0.42 EPS.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Truist Financial cut their target price on CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. BTIG Research assumed coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Evercore set a $43.00 price target on CenterPoint Energy in a report on Monday, August 17th. Finally, Morgan Stanley lowered their price target on shares of CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.38.

CenterPoint Energy Stock Up 0.7%

Shares of CNP opened at $39.64 on Tuesday. The stock has a 50 day moving average price of $39.00 and a 200 day moving average price of $41.59. CenterPoint Energy has a one year low of $36.37 and a one year high of $45.26. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.60 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share 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 company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts forecast that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its stake in shares of CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares in the last quarter. Deutsche Bank AG purchased a new position in CenterPoint Energy in the second quarter valued at $770,871,000. Bank of America Corp DE acquired a new stake in CenterPoint Energy in the second quarter valued at $332,753,000. Legal & General Group Plc acquired a new stake in CenterPoint Energy in the second quarter valued at $250,273,000. Finally, GQG Partners LLC purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $176,574,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.