CenterPoint Energy (NYSE:CNP) Price Target Lowered to $47.00 at BMO Capital Markets

CenterPoint Energy (NYSE:CNP) had its price objective lowered by BMO Capital Markets from $48.00 to $47.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.56% from the company’s previous close.

A number of other equities analysts have also commented on CNP. JPMorgan Chase & Co. increased their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Barclays increased their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.46.

CenterPoint Energy Price Performance

NYSE CNP traded up $0.97 on Wednesday, reaching $43.70. The company had a trading volume of 2,210,766 shares, compared to its average volume of 5,579,530. The stock has a market capitalization of $28.58 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46. CenterPoint Energy has a 12 month low of $36.59 and a 12 month high of $45.22. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average price is $43.03 and its 200 day moving average price is $42.20.

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

Hedge Funds Weigh In On CenterPoint Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its position 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 worth $27,000 after buying an additional 235 shares during the last quarter. Rothschild Investment LLC boosted its stake in CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after buying an additional 457 shares during the period. Rexford Capital Inc. bought a new position in CenterPoint Energy during the first quarter valued at $39,000. Finally, DV Equities LLC bought a new position in CenterPoint Energy during the fourth quarter valued at $35,000. Hedge funds and other institutional investors 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.