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

CenterPoint Energy, Inc. (NYSE:CNP) has received an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat reports. One investment 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 1 year target price among brokers that have covered the stock in the last year is $42.5455.

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Tuesday, January 13th. Wells Fargo & Company raised their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research report on Monday, February 23rd. UBS Group lowered their target price on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, KeyCorp lifted their price target on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th.

Hedge Funds Weigh In On CenterPoint Energy

Several hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $27,000 after purchasing an additional 235 shares during the last quarter. Zacks Investment Management grew its stake in CenterPoint Energy by 0.8% during the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 256 shares during the last quarter. Mather Group LLC. grew its stake in CenterPoint Energy by 2.1% during the 3rd quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after buying an additional 264 shares during the last quarter. Salomon & Ludwin LLC increased its position in CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after buying an additional 308 shares during the period. Finally, Global Retirement Partners LLC increased its position in CenterPoint Energy by 9.0% during the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock worth $145,000 after buying an additional 309 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.1%

Shares of NYSE CNP opened at $42.39 on Friday. The business has a 50-day moving average of $41.81 and a two-hundred day moving average of $39.85. The company has a market capitalization of $27.73 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.51 and a beta of 0.58. CenterPoint Energy has a 1 year low of $34.72 and a 1 year 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 data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts forecast that CenterPoint Energy will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Company Profile

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.