Brokerages Set CenterPoint Energy, Inc. (NYSE:CNP) PT at $44.69

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have received an average rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $44.6923.

Several analysts have recently commented on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a report on Thursday, June 18th. Truist Financial lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $43.59 on Monday. The firm’s fifty day simple moving average is $42.94 and its 200-day simple moving average is $41.96. CenterPoint Energy has a 12 month low of $35.58 and a 12 month high of $45.22. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.58 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts forecast that CenterPoint Energy will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is currently 56.44%.

Institutional Trading of CenterPoint Energy

Hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its holdings in shares of CenterPoint Energy by 14.3% during the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after buying an additional 65,440 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in CenterPoint Energy in the third quarter valued at $2,466,000. Ethos Capital Management Inc. purchased a new stake in CenterPoint Energy during the fourth quarter valued at about $1,356,000. Allspring Global Investments Holdings LLC raised its holdings in shares of CenterPoint Energy by 18.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after purchasing an additional 69,700 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after purchasing an additional 235,346 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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.