CenterPoint Energy (NYSE:CNP) Reaches New 52-Week High – Should You Buy?

CenterPoint Energy, Inc. (NYSE:CNP) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.41 and last traded at $44.3150, with a volume of 506560 shares changing hands. The stock had previously closed at $43.68.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. KeyCorp increased their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a report on Monday, February 23rd. Barclays cut their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.60.

CenterPoint Energy Stock Up 1.8%

The firm has a market cap of $29.08 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.59 and a beta of 0.54. The business’s 50 day moving average price is $42.46 and its 200 day moving average price is $40.17. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in CenterPoint Energy in the 3rd quarter valued at $25,000. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy in the 4th quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in CenterPoint Energy in the 3rd quarter valued at $26,000. LRI Investments LLC lifted its holdings in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings 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 purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

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.