CenterPoint Energy (NYSE:CNP) Given New $41.00 Price Target at Barclays

Key Points

• Barclays lowered CenterPoint Energy’s price target from $44 to $41 while maintaining an “equal weight” rating, implying approximately 3.5% upside from the prior close.
• Analyst sentiment remains moderately positive: nine analysts rate the stock a Buy and seven a Hold, producing a consensus “Moderate Buy” rating and an average target price of $44.06.
• CenterPoint reported quarterly EPS of $0.40, exceeding the $0.37 consensus estimate, while revenue reached $2.15 billion. Institutional investors own 91.77% of the company’s shares.

CenterPoint Energy (NYSE:CNP - Get Free Report) had its price objective decreased by equities research analysts at Barclays from $44.00 to $41.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Barclays's price target indicates a potential upside of 3.52% from the company's previous close.

Several other brokerages also recently commented on CNP. Wolfe Research reaffirmed an "outperform" rating and issued a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Wall Street Zen upgraded CenterPoint Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. KeyCorp reduced their price objective on CenterPoint Energy from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. BMO Capital Markets lowered their price objective on shares of CenterPoint Energy from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Citigroup lowered their price objective on shares of CenterPoint Energy from $47.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.06.

CenterPoint Energy Stock Performance

CenterPoint Energy stock traded down $0.95 on Monday, reaching $39.60. 2,377,228 shares of the stock were exchanged, compared to its average volume of 5,837,262. The stock has a market cap of $26.09 billion, a PE ratio of 23.32, a PEG ratio of 2.68 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a twelve month low of $36.37 and a twelve month high of $45.26. The firm has a fifty day moving average price of $38.98 and a two-hundred day moving average price of $41.55.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the prior year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts anticipate that CenterPoint Energy will post 1.91 EPS for the current year.

Institutional Investors Weigh In On CenterPoint Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in CenterPoint Energy during the 2nd quarter worth approximately $770,871,000. Bank of America Corp DE bought a new position in CenterPoint Energy in the second quarter valued at approximately $332,753,000. Legal & General Group Plc bought a new position in CenterPoint Energy in the second quarter valued at approximately $250,273,000. GQG Partners LLC bought a new position in CenterPoint Energy in the second quarter valued at approximately $176,574,000. Finally, Bank of New York Mellon Corp bought a new position in CenterPoint Energy in the second quarter valued at approximately $163,893,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.

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