CenterPoint Energy, Inc. (NYSE:CNP) Given Average Rating of “Hold” by Analysts

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.6154.

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Evercore set a $45.00 target price on CenterPoint Energy in a research report on Monday, May 4th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a research note on Monday, February 23rd.

Hedge Funds Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares in the last quarter. Zacks Investment Management increased its holdings in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after acquiring an additional 256 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 308 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after acquiring an additional 326 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 333 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

CNP opened at $42.85 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.54 and a beta of 0.48. The firm’s fifty day moving average price is $42.83 and its two-hundred day moving average price is $40.89. CenterPoint Energy has a 1 year low of $35.46 and a 1 year high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the previous year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts anticipate that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio is 56.44%.

About CenterPoint Energy

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.