CenterPoint Energy, Inc. (NYSE:CNP) Receives Consensus Rating of “Hold” from Brokerages

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.60.

CNP has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company boosted their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley restated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. UBS Group decreased their price target on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd.

Institutional Trading of CenterPoint Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CNP. New Age Alpha Advisors LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter worth $25,000. Root Financial Partners LLC purchased a new stake in shares of CenterPoint Energy in the third quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CenterPoint Energy in the third quarter valued at $26,000. LRI Investments LLC increased its stake in CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in CenterPoint Energy by 49.6% in the fourth 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 during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CNP stock opened at $43.24 on Friday. CenterPoint Energy has a 1 year low of $34.72 and a 1 year high of $44.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The stock’s 50 day moving average price is $42.03 and its 200 day moving average price is $39.97. The firm has a market cap of $28.29 billion, a P/E ratio of 27.03, a PEG ratio of 2.56 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 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 for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, sell-side analysts expect that CenterPoint Energy will post 1.75 earnings per share for the current fiscal year.

About CenterPoint Energy

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.