CenterPoint Energy (NYSE:CNP) Raised to Strong-Buy at TD Cowen

Key Points

• TD Cowen upgraded CenterPoint Energy to “strong buy,” while the broader analyst consensus remains “moderate buy,” with an average price target of $44.28.
• Other analysts offered mixed views: BMO Capital Markets and Barclays cut their price targets, while Wolfe Research maintained an “outperform” rating with a $49 target.
• CenterPoint reported quarterly EPS of $0.40, exceeding the $0.37 consensus estimate, and revenue of $2.15 billion versus expectations of $2.12 billion. Institutional investors and hedge funds own 91.77% of the stock.

CenterPoint Energy (NYSE:CNP - Get Free Report) was upgraded by investment analysts at TD Cowen to a "strong-buy" rating in a research note issued to investors on Thursday, Zacks reports.

A number of other analysts have also issued reports on the stock. BMO Capital Markets lowered their target price on shares of CenterPoint Energy from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday. Wolfe Research reaffirmed an "outperform" rating and issued a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. BTIG Research began coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a "neutral" rating on the stock. Barclays lowered their price objective on shares of CenterPoint Energy from $44.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.28.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $41.21 on Thursday. The firm has a market cap of $27.15 billion, a PE ratio of 24.24, a PEG ratio of 2.67 and a beta of 0.47. The stock has a 50 day moving average of $38.99 and a 200 day moving average of $41.46. 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 12 month low of $36.37 and a 12 month high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter 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 expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On CenterPoint Energy

Large investors have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy in the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its stake in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. MidFirst Bank acquired a new position in CenterPoint Energy during the 2nd quarter valued at approximately $38,000. Rexford Capital Inc. purchased a new position in shares of CenterPoint Energy in the first quarter worth $39,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of CenterPoint Energy in the second quarter worth $40,000. 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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