Analysts Set CenterPoint Energy, Inc. (NYSE:CNP) Price Target at $37.71

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $37.7083.

A number of brokerages have issued reports on CNP. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Morgan Stanley set a $38.00 price target on shares of CenterPoint Energy and gave the stock an “outperform” rating in a research report on Thursday, August 21st. BMO Capital Markets upped their price target on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Barclays boosted their price objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Scotiabank boosted their price objective on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 25th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in CenterPoint Energy by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 81,362,433 shares of the utilities provider’s stock valued at $2,989,256,000 after acquiring an additional 1,301,374 shares during the last quarter. Geode Capital Management LLC boosted its stake in CenterPoint Energy by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 16,710,081 shares of the utilities provider’s stock valued at $611,377,000 after acquiring an additional 652,202 shares during the last quarter. Norges Bank bought a new position in CenterPoint Energy during the 2nd quarter valued at $313,456,000. Jennison Associates LLC boosted its stake in CenterPoint Energy by 31.6% during the 2nd quarter. Jennison Associates LLC now owns 7,859,693 shares of the utilities provider’s stock valued at $288,765,000 after acquiring an additional 1,886,374 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in CenterPoint Energy by 0.9% during the 1st quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider’s stock valued at $215,011,000 after acquiring an additional 54,596 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Up 1.2%

Shares of NYSE:CNP opened at $38.26 on Tuesday. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.77 and a beta of 0.58. The firm’s 50-day simple moving average is $37.66 and its 200-day simple moving average is $36.86. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. CenterPoint Energy has a fifty-two week low of $26.32 and a fifty-two week high of $39.39.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same period in the prior year, the firm posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities research analysts predict that CenterPoint Energy will post 1.75 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, August 21st. CenterPoint Energy’s dividend payout ratio is 61.54%.

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.