CenterPoint Energy (NYSE:CNP) Price Target Cut to $44.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered CenterPoint Energy’s price target from $46 to $44 while maintaining a “neutral” rating, implying approximately 11.77% upside from the prior close.
• Analyst sentiment remains generally positive, with nine “Buy” ratings and seven “Hold” ratings; the consensus is “Moderate Buy” with an average price target of $44.38.
• CenterPoint shares traded at $39.37, while the company’s latest quarterly results exceeded expectations, reporting adjusted earnings of $0.40 per share versus the $0.37 consensus estimate.

CenterPoint Energy (NYSE:CNP - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $46.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 11.77% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Wolfe Research restated an "outperform" rating and issued a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of CenterPoint Energy from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, September 18th. KeyCorp dropped their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial dropped their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.38.

CenterPoint Energy Stock Performance

Shares of CNP traded up $0.34 during mid-day trading on Tuesday, hitting $39.37. The stock had a trading volume of 2,518,382 shares, compared to its average volume of 5,825,682. The company has a market cap of $25.93 billion, a PE ratio of 23.16, a PEG ratio of 2.55 and a beta of 0.47. The company's fifty day simple moving average is $39.06 and its two-hundred day simple moving average is $41.62. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a fifty-two week low of $36.37 and a fifty-two week high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share 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 the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. During the same period in the previous year, the business earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On CenterPoint Energy

A number of hedge funds have recently added to or reduced their stakes in CNP. Hsbc Holdings PLC purchased a new stake in shares of CenterPoint Energy during the second quarter valued at $49,316,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at $56,492,000. Tidal Investments LLC boosted its position in shares of CenterPoint Energy by 448.5% in the 2nd quarter. Tidal Investments LLC now owns 130,375 shares of the utilities provider's stock valued at $5,742,000 after purchasing an additional 106,605 shares during the period. WINTON GROUP Ltd purchased a new position in CenterPoint Energy in the 2nd quarter worth about $3,470,000. Finally, Stack Financial Management Inc purchased a new position in CenterPoint Energy in the 2nd quarter worth about $31,624,000. 91.77% of the stock is currently owned by institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.

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