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

CenterPoint Energy, Inc. (NYSE:CNP) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.5455.

A number of research analysts have commented on the stock. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their price target on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company boosted their price target on CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. KeyCorp upped 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, Barclays decreased their price objective on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $42.39 on Friday. The firm’s fifty day simple moving average is $41.81 and its 200-day simple moving average is $39.85. The stock has a market capitalization of $27.73 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.51 and a beta of 0.58. CenterPoint Energy has a 12 month low of $34.72 and a 12 month high of $44.39. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter last year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities analysts forecast that CenterPoint Energy will post 1.75 earnings per share for the current year.

Institutional Investors Weigh In On CenterPoint Energy

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new position in CenterPoint Energy in the 3rd quarter valued at $25,000. New Age Alpha Advisors LLC acquired a new position in CenterPoint Energy in the 4th quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in CenterPoint Energy during the 3rd quarter worth $26,000. LRI Investments LLC lifted its stake in shares of CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake 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 acquiring an additional 235 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

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.