CenterPoint Energy (NYSE:CNP) Rating Increased to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of CenterPoint Energy (NYSE:CNP) to a hold rating in a research report sent to investors on Tuesday,Zacks reports.

A number of other research analysts also recently commented on the stock. Wolfe Research reissued an “outperform” rating and set a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BTIG Research began coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating on the stock. Morgan Stanley cut their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Friday, September 11th. Finally, Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $38.31 on Tuesday. CenterPoint Energy has a twelve month low of $37.22 and a twelve month high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $42.32. The stock has a market capitalization of $25.23 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.51 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same quarter last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, analysts predict that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th were issued a $0.24 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CNP. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CenterPoint Energy by 49.6% during the 4th 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. Keating Financial Advisory Services Inc. acquired a new stake in shares of CenterPoint Energy in the 2nd quarter worth $27,000. Rothschild Investment LLC boosted its position in shares of CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. Finally, MidFirst Bank purchased a new position in CenterPoint Energy during the 2nd quarter worth $38,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.