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

CenterPoint Energy, Inc. (NYSE:CNP) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $44.6154.

A number of analysts recently commented on CNP shares. JPMorgan Chase & Co. decreased their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a report on Monday, February 23rd. Truist Financial decreased their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, KeyCorp boosted their price objective on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th.

Institutional Trading of CenterPoint Energy

Institutional investors 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 worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $35,000. Finally, Rexford Capital Inc. purchased a new stake in shares of CenterPoint Energy in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.9%

Shares of NYSE:CNP opened at $42.75 on Thursday. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.51 and a beta of 0.46. The firm’s 50-day simple moving average is $42.68 and its 200-day simple moving average is $41.16. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. CenterPoint Energy has a fifty-two week low of $35.46 and a fifty-two week high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data 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 company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s payout ratio is currently 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.