CenterPoint Energy (NYSE:CNP) Upgraded at Wall Street Zen

CenterPoint Energy (NYSE:CNPGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

A number of other analysts also recently weighed in on the stock. Morgan Stanley reissued an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. UBS Group lowered their price target on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Barclays cut their price target on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Finally, BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $41.82.

Check Out Our Latest Stock Analysis on CNP

CenterPoint Energy Trading Up 0.8%

Shares of NYSE:CNP opened at $43.00 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The stock’s 50-day moving average is $39.43 and its 200-day moving average is $38.98. The company has a market cap of $28.07 billion, a P/E ratio of 26.87, a P/E/G ratio of 2.55 and a beta of 0.59. CenterPoint Energy has a 52-week low of $33.24 and a 52-week high of $43.20.

CenterPoint Energy (NYSE:CNPGet Free Report) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities research analysts predict that CenterPoint Energy will post 1.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CNP. Brighton Jones LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth about $254,000. AQR Capital Management LLC grew its stake in CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after buying an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after buying an additional 3,821 shares in the last quarter. Empowered Funds LLC raised its stake in shares of CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 15,922 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

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CenterPoint Energy Company Profile

(Get Free Report)

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.

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