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

CenterPoint Energy, Inc. (NYSE:CNP) has received an average recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.5714.

CNP has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. BTIG Research initiated coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Wolfe Research restated an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $40.00 price target on CenterPoint Energy in a research note on Wednesday, July 22nd.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently added to or reduced their stakes in the company. Wealthspan Partners LLC bought a new stake in shares of CenterPoint Energy in the second quarter worth about $212,000. N.E.W. Advisory Services LLC bought a new position in CenterPoint Energy during the 2nd quarter valued at approximately $54,000. HBK Sorce Advisory LLC bought a new position in CenterPoint Energy during the 2nd quarter valued at approximately $243,000. Global Retirement Partners LLC purchased a new stake in CenterPoint Energy in the 2nd quarter worth approximately $316,000. Finally, Bank of New York Mellon Corp purchased a new stake in CenterPoint Energy in the 2nd quarter worth approximately $163,893,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.0%

Shares of NYSE:CNP opened at $40.65 on Friday. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.41 and a beta of 0.46. CenterPoint Energy has a one year low of $36.60 and a one year high of $45.26. The firm has a fifty day moving average price of $43.10 and a two-hundred day moving average price of $42.56. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts anticipate that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.24 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio (DPR) is 54.12%.

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.