Analysts Set CenterPoint Energy, Inc. (NYSE:CNP) Price Target at $45.64

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $45.6429.

CNP has been the topic of several analyst reports. Bank of America lifted their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. KeyCorp reduced their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 22nd. BTIG Research started coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a report on Thursday, June 18th.

Institutional Investors Weigh In On CenterPoint Energy

Several hedge funds have recently bought and sold shares of CNP. Ethos Capital Management Inc. acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth approximately $1,356,000. Allspring Global Investments Holdings LLC grew its position in CenterPoint Energy by 18.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock valued at $17,173,000 after purchasing an additional 69,700 shares in the last quarter. Capital Research Global Investors increased its stake in 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 buying an additional 235,346 shares during the period. Ilmarinen Mutual Pension Insurance Co acquired a new position in CenterPoint Energy in the 4th quarter valued at approximately $3,834,000. Finally, Principal Financial Group Inc. increased its stake in CenterPoint Energy by 6.9% in the 4th quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock valued at $36,907,000 after buying an additional 61,740 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

NYSE CNP opened at $42.15 on Friday. CenterPoint Energy has a 1 year low of $36.60 and a 1 year high of $45.26. The business’s fifty day moving average is $43.23 and its two-hundred day moving average is $42.51. The stock has a market capitalization of $27.76 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.49 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12.

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

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is presently 54.12%.

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.