CenterPoint Energy (NYSE:CNP) Stock Gets Price Target Trim from KeyCorp

CenterPoint Energy (NYSE:CNP) had its target price trimmed by KeyCorp from $46.00 to $44.00 in a research report report published on Tuesday morning, MarketBeat reports. The firm currently has an overweight rating on the utilities provider’s stock. KeyCorp also issued estimates for CenterPoint Energy’s Q3 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.42 EPS, FY2027 earnings at $2.08 EPS, FY2028 earnings at $2.26 EPS, FY2029 earnings at $2.45 EPS and FY2030 earnings at $2.66 EPS.

Other equities research analysts also recently issued reports about the stock. Evercore set a $43.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 17th. BMO Capital Markets decreased their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Wolfe Research restated an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Royal Bank Of Canada initiated coverage on shares of CenterPoint Energy in a research report on Tuesday, September 15th. They issued a “sector perform” rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.38.

CenterPoint Energy Stock Performance

CNP opened at $39.74 on Tuesday. 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 has a 52-week low of $36.37 and a 52-week high of $45.26. The firm has a market cap of $26.18 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47. The business’s fifty day moving average is $38.98 and its 200-day moving average is $41.57.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business 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 firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. CenterPoint Energy’s dividend payout ratio is currently 56.47%.

Hedge Funds Weigh In On CenterPoint Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its stake in shares of CenterPoint Energy by 13.2% during the fourth 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 acquiring an additional 6,794,535 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of CenterPoint Energy in the second quarter valued at about $770,871,000. Bank of America Corp DE bought a new position in shares of CenterPoint Energy during the second quarter worth about $332,753,000. Legal & General Group Plc bought a new position in shares of CenterPoint Energy during the second quarter worth about $250,273,000. Finally, GQG Partners LLC bought a new position in shares of CenterPoint Energy during the second quarter worth about $176,574,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting CenterPoint Energy

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyBanc initiated or reiterated a Buy rating on CenterPoint Energy, supporting the view that the utility’s valuation and longer-term growth prospects remain attractive. Centerpoint Energy Gets a Buy from KeyBanc
• Positive Sentiment: KeyCorp maintained an Overweight rating and a $44 price target. Although the firm reduced its forecasts, its target remains above the current share price, indicating continued confidence in CenterPoint’s longer-term earnings potential.
• Neutral Sentiment: CenterPoint announced that holders of its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 will receive $5.39122 of additional interest per note on November 4, 2026. The payment reflects cash distributed in respect of the notes and is primarily a scheduled financing obligation rather than a change to operating performance. CenterPoint Energy to Pay Additional Interest
• Negative Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $0.48 from $0.51 and its Q4 estimate to $0.42 from $0.46. It also trimmed forecasts for FY2027 through FY2030, including FY2030 EPS to $2.66 from $2.70. The revisions suggest near-term and long-term earnings expectations have softened, despite the continued Overweight rating.
• Negative Sentiment: JPMorgan issued a pessimistic forecast for CenterPoint’s stock price, adding a more cautious analyst view and potentially limiting enthusiasm around the shares. JPMorgan Issues Pessimistic Forecast

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.