Zacks Research Research Analysts Reduce Earnings Estimates for CenterPoint Energy, Inc. (NYSE:CNP)

CenterPoint Energy, Inc. (NYSE:CNP) – Equities researchers at Zacks Research decreased their FY2026 earnings per share estimates for CenterPoint Energy in a note issued to investors on Monday, September 30th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $1.86 for the year, down from their prior forecast of $1.87. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.62 per share.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same period in the prior year, the company earned $0.28 EPS.

CNP has been the topic of several other research reports. Scotiabank reduced their target price on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company cut CenterPoint Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $32.00 to $28.00 in a research note on Tuesday, August 13th. Bank of America began coverage on CenterPoint Energy in a research note on Thursday, September 12th. They issued a “neutral” rating and a $29.00 target price for the company. StockNews.com upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, KeyCorp downgraded CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.55.

CenterPoint Energy Trading Up 0.8 %

CNP stock opened at $30.30 on Wednesday. The company has a market capitalization of $19.38 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.99 and a current ratio of 1.20. CenterPoint Energy has a one year low of $25.41 and a one year high of $31.57. The company’s 50 day moving average price is $27.54 and its two-hundred day moving average price is $28.74.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy’s payout ratio is presently 59.15%.

Institutional Investors Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. TD Asset Management Inc raised its stake in CenterPoint Energy by 4.3% in the fourth quarter. TD Asset Management Inc now owns 228,898 shares of the utilities provider’s stock worth $6,540,000 after buying an additional 9,384 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of CenterPoint Energy by 27.7% in the 4th quarter. Stifel Financial Corp now owns 209,034 shares of the utilities provider’s stock valued at $5,972,000 after purchasing an additional 45,389 shares during the period. Bank of Nova Scotia boosted its position in shares of CenterPoint Energy by 24.5% during the fourth quarter. Bank of Nova Scotia now owns 305,736 shares of the utilities provider’s stock valued at $8,735,000 after purchasing an additional 60,223 shares in the last quarter. KBC Group NV grew its stake in CenterPoint Energy by 8.6% in the fourth quarter. KBC Group NV now owns 39,407 shares of the utilities provider’s stock worth $1,126,000 after purchasing an additional 3,134 shares during the period. Finally, NEOS Investment Management LLC bought a new position in CenterPoint Energy in the fourth quarter worth $255,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.