Recent Investment Analysts’ Ratings Changes for CenterPoint Energy (CNP)

A number of research firms have changed their ratings and price targets for CenterPoint Energy (NYSE: CNP):

• 7/23/2024 – CenterPoint Energy had its price target lowered by analysts at BMO Capital Markets from $33.00 to $32.00. They now have an “outperform” rating on the stock.
• 7/22/2024 – CenterPoint Energy had its price target lowered by analysts at KeyCorp from $33.00 to $31.00. They now have an “overweight” rating on the stock.
• 7/20/2024 – CenterPoint Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/17/2024 – CenterPoint Energy was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $29.00 price target on the stock, down previously from $30.00.
• 7/12/2024 – CenterPoint Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 6/26/2024 – CenterPoint Energy had its price target raised by analysts at BMO Capital Markets from $32.00 to $33.00. They now have an “outperform” rating on the stock.
• 6/24/2024 – CenterPoint Energy had its price target lowered by analysts at Morgan Stanley from $31.00 to $30.00. They now have an “overweight” rating on the stock.
• 6/7/2024 – CenterPoint Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

CenterPoint Energy Stock Down 2.3 %

CNP traded down $0.68 during trading on Tuesday, reaching $28.51. 8,242,510 shares of the stock were exchanged, compared to its average volume of 4,760,127. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.25. The stock’s 50 day moving average price is $30.05 and its two-hundred day moving average price is $28.88. The stock has a market cap of $18.24 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.57.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities analysts expect that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Insider Transactions at CenterPoint Energy

In related news, Director Barry T. Smitherman sold 5,670 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $29.42, for a total value of $166,811.40. Following the completion of the transaction, the director now owns 21,203 shares of the company’s stock, valued at $623,792.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On CenterPoint Energy

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in CenterPoint Energy in the fourth quarter valued at approximately $94,750,000. Price T Rowe Associates Inc. MD increased its holdings in CenterPoint Energy by 38.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock worth $302,070,000 after purchasing an additional 2,961,464 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CenterPoint Energy by 96.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,958,562 shares of the utilities provider’s stock valued at $141,666,000 after purchasing an additional 2,428,640 shares during the last quarter. Railway Pension Investments Ltd acquired a new stake in shares of CenterPoint Energy during the second quarter valued at about $63,758,000. Finally, Reaves W H & Co. Inc. increased its stake in shares of CenterPoint Energy by 391.0% in the fourth quarter. Reaves W H & Co. Inc. now owns 2,314,797 shares of the utilities provider’s stock valued at $66,134,000 after buying an additional 1,843,333 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.