CenterPoint Energy, Inc. (NYSE:CNP) Receives Average Recommendation of “Hold” from Brokerages

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.6923.

Several analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. BTIG Research assumed coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Barclays upped their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th.

CenterPoint Energy Price Performance

Shares of CNP traded up $0.27 during mid-day trading on Monday, reaching $43.59. The stock had a trading volume of 6,551,005 shares, compared to its average volume of 6,599,078. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.57 and a beta of 0.46. CenterPoint Energy has a 12 month low of $35.58 and a 12 month high of $45.22. The business has a fifty day moving average of $42.94 and a 200 day moving average of $41.93. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

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

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is currently 56.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CenterPoint Energy by 49.6% in the 4th 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 during the period. Rothschild Investment LLC increased its position in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. DV Equities LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at approximately $35,000. Finally, Rexford Capital Inc. purchased a new stake in CenterPoint Energy during the 1st quarter valued at $39,000. Hedge funds and other 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.