KeyCorp Decreases Earnings Estimates for CenterPoint Energy

CenterPoint Energy, Inc. (NYSE:CNP) – Stock analysts at KeyCorp dropped their Q4 2026 earnings per share estimates for shares of CenterPoint Energy in a research note issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $0.42 per share for the quarter, down from their previous estimate of $0.46. KeyCorp has an “Overweight” rating and a $44.00 price target on the stock. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.91 per share.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping 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 business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS.

CNP has been the topic of several other research reports. Wolfe Research restated an “outperform” rating and set a $49.00 target price on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Truist Financial dropped their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research note on Monday, August 17th. BTIG Research assumed coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Finally, Citigroup decreased their price objective on shares of CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.38.

CenterPoint Energy Trading Up 0.9%

CenterPoint Energy stock opened at $39.37 on Wednesday. CenterPoint Energy has a one year low of $36.37 and a one year high of $45.26. The business’s fifty day moving average is $39.02 and its 200 day moving average is $41.61. The stock has a market capitalization of $25.93 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

Institutional Trading of CenterPoint Energy

Several large investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after acquiring an additional 6,794,535 shares during the period. Deutsche Bank AG bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $770,871,000. Bank of America Corp DE bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $332,753,000. Legal & General Group Plc bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $250,273,000. Finally, GQG Partners LLC purchased a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $176,574,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

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.