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

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have been given a consensus rating of “Hold” by the sixteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.6923.

A number of brokerages have recently weighed in on CNP. JPMorgan Chase & Co. reduced their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays upped their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research note on Thursday, June 18th. BTIG Research initiated coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th.

Hedge Funds Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently modified their holdings of CNP. CX Institutional increased its stake in CenterPoint Energy by 3.7% during the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 275 shares in the last quarter. Parallel Advisors LLC lifted its stake in CenterPoint Energy by 7.0% in the first quarter. Parallel Advisors LLC now owns 5,925 shares of the utilities provider’s stock valued at $256,000 after buying an additional 388 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of CenterPoint Energy in the first quarter valued at approximately $346,000. Edgestream Partners L.P. acquired a new position in shares of CenterPoint Energy in the first quarter valued at approximately $261,000. Finally, Strategic Investment Advisors MI increased its position in shares of CenterPoint Energy by 70.5% during the first quarter. Strategic Investment Advisors MI now owns 13,526 shares of the utilities provider’s stock worth $584,000 after acquiring an additional 5,591 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $44.55 on Monday. The stock has a market cap of $29.14 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. The stock has a 50-day moving average of $42.83 and a 200-day moving average of $41.75. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy has a one year low of $35.46 and a one year high of $45.22.

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 the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts expect that CenterPoint Energy will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were issued 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 payout ratio is 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.