CenterPoint Energy (NYSE:CNP) Price Target Cut to $44.00 by Analysts at KeyCorp

Key Points

• KeyCorp lowered CenterPoint Energy’s price target from $46 to $44 while maintaining an “overweight” rating, implying 12.8% upside from the prior close.
• Analyst sentiment remains favorable overall: nine analysts rate the stock a Buy and seven rate it a Hold, producing a “Moderate Buy” consensus and a $44.56 average price target.
• CenterPoint recently exceeded quarterly expectations, reporting $0.40 in EPS versus the $0.37 consensus and $2.15 billion in revenue versus $2.12 billion expected; institutional investors own 91.77% of its shares.

CenterPoint Energy (NYSE:CNP - Get Free Report) had its target price dropped by equities research analysts at KeyCorp from $46.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. KeyCorp's price objective points to a potential upside of 12.80% from the stock's previous close.

CNP has been the topic of a number of other reports. BTIG Research initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a "neutral" rating on the stock. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research note on Thursday, June 18th. Evercore set a $43.00 price target on CenterPoint Energy in a research report on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Finally, Morgan Stanley reduced their price objective on CenterPoint Energy from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.56.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.01 on Tuesday. 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 stock has a 50 day moving average of $39.06 and a two-hundred day moving average of $41.62. The stock has a market cap of $25.70 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.55 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for 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 previous year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts forecast that CenterPoint Energy will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On CenterPoint Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider's stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of CenterPoint Energy in the second quarter worth about $770,871,000. Bank of America Corp DE purchased a new stake in shares of CenterPoint Energy in the second quarter worth about $332,753,000. Legal & General Group Plc acquired a new stake in shares of CenterPoint Energy in the second quarter valued at about $250,273,000. Finally, GQG Partners LLC acquired a new stake in shares of CenterPoint Energy in the second quarter valued at about $176,574,000. Institutional investors and hedge funds own 91.77% of the company's stock.

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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