CenterPoint Energy (NYSE:CNP) Stock Rating Upgraded by Wall Street Zen

CenterPoint Energy (NYSE:CNP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts have also commented on CNP. Barclays upped their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Bank of America upped their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday. Truist Financial cut their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $45.64.

CenterPoint Energy Stock Up 0.3%

Shares of CenterPoint Energy stock opened at $42.15 on Friday. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.49 and a beta of 0.46. CenterPoint Energy has a twelve month low of $36.60 and a twelve month high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The business’s 50 day simple moving average is $43.23 and its 200-day simple moving average is $42.51.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same quarter in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts forecast that CenterPoint Energy will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On CenterPoint Energy

Large investors have recently bought and sold shares of the stock. Ethos Capital Management Inc. acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at $1,356,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of CenterPoint Energy by 18.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock valued at $17,173,000 after buying an additional 69,700 shares during the period. Capital Research Global Investors boosted its stake in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after buying an additional 235,346 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CenterPoint Energy by 6.9% during the fourth quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock valued at $36,907,000 after buying an additional 61,740 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new position in CenterPoint Energy during the fourth quarter worth about $3,834,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.