CenterPoint Energy (NYSE:CNP) Stock Gets Price Target Bump from Morgan Stanley

Key Points

• Morgan Stanley raised CenterPoint Energy’s price target from $38 to $39 while maintaining an “equal weight” rating, implying about 3.62% downside from the stock’s $40.46 price.
• Analyst sentiment remains generally positive, with nine Buy ratings and seven Holds producing a consensus “Moderate Buy” rating and an average price target of $44.12.
• CenterPoint reported quarterly EPS of $0.40, beating estimates of $0.37, while institutional investors own approximately 91.77% of the company’s shares.

CenterPoint Energy (NYSE:CNP - Get Free Report) had its price target boosted by Morgan Stanley from $38.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price objective would suggest a potential downside of 3.62% from the company's current price.

A number of other analysts have also commented on the stock. Truist Financial decreased their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. KeyCorp reduced their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Finally, Wall Street Zen upgraded shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, CenterPoint Energy has a consensus rating of "Moderate Buy" and an average price target of $44.12.

CenterPoint Energy Stock Up 0.6%

CenterPoint Energy stock traded up $0.22 during midday trading on Wednesday, reaching $40.46. The stock had a trading volume of 970,711 shares, compared to its average volume of 5,818,723. CenterPoint Energy has a 12 month low of $36.37 and a 12 month high of $45.26. The company has a market capitalization of $26.65 billion, a P/E ratio of 23.79, a PEG ratio of 2.61 and a beta of 0.47. The company has a fifty day moving average price of $38.97 and a two-hundred day moving average price of $41.50. 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 (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion for 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 prior year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

Institutional Trading of CenterPoint Energy

A number of hedge funds have recently bought and sold shares of CNP. Sowell Financial Services LLC increased its stake in CenterPoint Energy by 39.2% in the third quarter. Sowell Financial Services LLC now owns 13,193 shares of the utilities provider's stock valued at $486,000 after acquiring an additional 3,717 shares during the last quarter. Nisa Investment Advisors LLC raised its position in CenterPoint Energy by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 182,038 shares of the utilities provider's stock valued at $6,699,000 after purchasing an additional 12,728 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in CenterPoint Energy by 10.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 16,027 shares of the utilities provider's stock valued at $590,000 after purchasing an additional 1,489 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in CenterPoint Energy by 21.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,637 shares of the utilities provider's stock worth $3,998,000 after purchasing an additional 19,372 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of CenterPoint Energy by 146.0% in the 3rd quarter. IFP Advisors Inc now owns 6,286 shares of the utilities provider's stock worth $231,000 after purchasing an additional 3,731 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

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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