Zacks Research Expects Lower Earnings for CenterPoint Energy

CenterPoint Energy, Inc. (NYSE:CNP) – Investment analysts at Zacks Research reduced their Q2 2027 earnings estimates for CenterPoint Energy in a research report issued to clients and investors on Tuesday, July 15th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.46. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.75 per share.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business posted $0.55 EPS.

Several other brokerages have also commented on CNP. Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Barclays raised shares of CenterPoint Energy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $30.00 to $37.00 in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on CenterPoint Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Finally, Argus raised shares of CenterPoint Energy to a “hold” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.13.

CenterPoint Energy Price Performance

Shares of CNP opened at $37.27 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.93 and a quick ratio of 0.79. CenterPoint Energy has a 1-year low of $25.41 and a 1-year high of $39.31. The firm has a market capitalization of $24.33 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.57. The company’s fifty day moving average price is $36.58 and its 200-day moving average price is $35.37.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. CenterPoint Energy’s payout ratio is 59.06%.

Hedge Funds Weigh In On CenterPoint Energy

A number of hedge funds have recently added to or reduced their stakes in CNP. USA Financial Formulas bought a new position in CenterPoint Energy in the 2nd quarter worth approximately $901,000. Consolidated Portfolio Review Corp acquired a new position in shares of CenterPoint Energy in the 2nd quarter worth approximately $232,000. Patton Fund Management Inc. acquired a new stake in CenterPoint Energy during the second quarter valued at approximately $212,000. ST Germain D J Co. Inc. bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth $26,000. Finally, American National Bank & Trust acquired a new position in shares of CenterPoint Energy in the 2nd quarter worth $1,734,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.