CenterPoint Energy Q3 Earnings Forecast Reduced by KeyCorp

CenterPoint Energy, Inc. (NYSE:CNP) – Investment analysts at KeyCorp lowered their Q3 2026 earnings per share estimates for shares of CenterPoint Energy in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.51. KeyCorp currently has an “Overweight” rating and a $44.00 price target on the stock. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.91 per share. KeyCorp also issued estimates for CenterPoint Energy’s 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.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS.

Several other research firms also recently weighed in on CNP. JPMorgan Chase & Co. dropped their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Truist Financial decreased their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. Evercore set a $43.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 17th. Finally, Royal Bank Of Canada started coverage on shares of CenterPoint Energy in a research note on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Moderate Buy” and a consensus target price of $44.38.

CenterPoint Energy Price Performance

NYSE CNP opened at $39.64 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a 1 year low of $36.37 and a 1 year high of $45.26. The company has a market cap of $26.11 billion, a PE ratio of 23.32, a PEG ratio of 2.60 and a beta of 0.47. The stock’s 50-day moving average price is $39.00 and its two-hundred day moving average price is $41.59.

CenterPoint Energy Announces Dividend

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

Hedge Funds Weigh In On CenterPoint Energy

A number of large investors have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. purchased a new position in CenterPoint Energy during the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $27,000 after buying an additional 235 shares during the period. MidFirst Bank acquired a new position in CenterPoint Energy in the 2nd quarter valued at approximately $38,000. Rexford Capital Inc. acquired a new position in CenterPoint Energy in the 1st quarter valued at approximately $39,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in CenterPoint Energy in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Key CenterPoint Energy News

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

• Positive Sentiment: KeyCorp maintained an Overweight rating and a $44 price target, implying roughly 11% upside from the reference price. The firm’s long-term estimates still project earnings growth from $2.08 per share in fiscal 2027 to $2.66 in fiscal 2030. CenterPoint Energy Gets a Buy from KeyBanc
• Neutral Sentiment: CenterPoint announced a $5.39122 additional-interest payment per 2.0% Zero-Premium Exchangeable Subordinated Note due 2029. The payment is scheduled for November 4, 2026, to holders of record on October 21, and represents a contractual cash distribution rather than a change to the company’s operating outlook. CenterPoint Energy to Pay Additional Interest on Notes
• 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 reduced its fiscal 2027–2030 forecasts by $0.01 to $0.04 per share, signaling somewhat weaker near- and long-term earnings expectations despite retaining its positive rating.
• Negative Sentiment: JPMorgan cut its price target from $46 to $44 and changed its rating to Neutral, reflecting a more cautious view of CenterPoint’s valuation and growth prospects. JPMorgan Issues Pessimistic Forecast for CenterPoint Energy

CenterPoint Energy Company Profile

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.