CenterPoint Energy (NYSE:CNP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CenterPoint Energy (NYSE:CNP) from a sell rating to a hold rating in a research report report published on Saturday.

Other research analysts also recently issued reports about the stock. Morgan Stanley set a $40.00 target price on shares of CenterPoint Energy in a research note on Wednesday, July 22nd. Truist Financial dropped their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Wolfe Research reissued an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Finally, BTIG Research began coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.64.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $41.95 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business’s 50 day simple moving average is $43.21 and its two-hundred day simple moving average is $42.53. The stock has a market capitalization of $27.64 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.46. CenterPoint Energy has a one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 54.12%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CNP. BIP Wealth LLC bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $214,000. Stack Financial Management Inc purchased a new stake in CenterPoint Energy in the second quarter worth $31,624,000. Tema ETFs LLC raised its holdings in CenterPoint Energy by 9.9% in the second quarter. Tema ETFs LLC now owns 14,515 shares of the utilities provider’s stock worth $639,000 after purchasing an additional 1,305 shares in the last quarter. Focus Financial Network Inc. raised its holdings in CenterPoint Energy by 4.9% in the second quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 239 shares in the last quarter. Finally, Wealth Science Advisors LLC purchased a new position in CenterPoint Energy during the second quarter valued at $275,000. 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.