CenterPoint Energy (NYSE:CNP) Price Target Raised to $44.00 at Bank of America

CenterPoint Energy (NYSE:CNP) had its price objective lifted by Bank of America from $42.00 to $44.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America‘s price target suggests a potential upside of 2.52% from the company’s previous close.

A number of other research analysts also recently weighed in on CNP. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. UBS Group lowered their price objective on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.27.

CenterPoint Energy Trading Up 0.4%

Shares of NYSE CNP opened at $42.92 on Wednesday. The firm’s 50 day moving average price is $42.75 and its 200-day moving average price is $40.31. The company has a market cap of $28.08 billion, a PE ratio of 26.83, a P/E/G ratio of 2.53 and a beta of 0.54. CenterPoint Energy has a 52-week low of $35.46 and a 52-week high of $44.47. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter in the prior year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities research analysts expect that CenterPoint Energy will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth $25,000. Root Financial Partners LLC purchased a new stake in shares of CenterPoint Energy in the third quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CenterPoint Energy in the third quarter worth $26,000. LRI Investments LLC increased its stake in shares of CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of 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 purchasing an additional 235 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

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.