CenterPoint Energy (NYSE:CNP) Stock Price Target Lowered at JPMorgan Chase & Co.

CenterPoint Energy (NYSE:CNP) had its price objective reduced by analysts at JPMorgan Chase & Co. from $46.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.77% from the company’s previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a report on Thursday, June 18th. Truist Financial decreased their target price on CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley lowered their price target on CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Citigroup dropped their price target on CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.38.

CenterPoint Energy Trading Up 0.9%

Shares of CNP stock traded up $0.34 during trading hours on Tuesday, reaching $39.37. 2,518,382 shares of the stock traded hands, compared to its average volume of 5,825,682. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $25.93 billion, a PE ratio of 23.16, a PEG ratio of 2.55 and a beta of 0.47. CenterPoint Energy has a 1-year low of $36.37 and a 1-year high of $45.26. The business has a fifty day moving average price of $39.06 and a 200 day moving average price of $41.62.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its stake in shares of CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. Deutsche Bank AG purchased a new position in shares of CenterPoint Energy during the 2nd quarter valued at $770,871,000. Bank of America Corp DE acquired a new position in shares of CenterPoint Energy in the second quarter worth $332,753,000. Legal & General Group Plc acquired a new position in shares of CenterPoint Energy in the second quarter worth $250,273,000. Finally, GQG Partners LLC acquired a new position in shares of CenterPoint Energy in the second quarter worth $176,574,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.