CenterPoint Energy (NYSE:CNP) Price Target Cut to $45.00 by Analysts at JPMorgan Chase & Co.

CenterPoint Energy (NYSE:CNP) had its price objective dropped by JPMorgan Chase & Co. from $46.00 to $45.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.11% from the company’s current price.

CNP has been the subject of a number of other reports. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Morgan Stanley reaffirmed an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Evercore set a $45.00 price target on CenterPoint Energy in a research note on Monday, May 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.69.

CenterPoint Energy Trading Down 0.3%

NYSE:CNP traded down $0.12 during trading hours on Wednesday, hitting $42.01. The company had a trading volume of 1,358,773 shares, compared to its average volume of 5,201,155. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average of $43.01 and a 200 day moving average of $40.73. The company has a market cap of $27.48 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 0.48. CenterPoint Energy has a 1 year low of $35.46 and a 1 year high of $44.47.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy will post 1.91 earnings per share for the current year.

Institutional Trading of CenterPoint Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CNP. Brighton Jones LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth approximately $254,000. AQR Capital Management LLC increased its position in shares of 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 acquiring an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after acquiring 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 in the last quarter. Finally, Woodline Partners LP boosted its holdings in CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.