CenterPoint Energy, Inc. (NYSE:CNP) Given Average Recommendation of "Hold" by Analysts

Key Points

• CenterPoint Energy, Inc. (NYSE:CNP) has received an average recommendation of "Hold" from analysts, with eight issuing hold ratings and six giving buy ratings.
• The company reported an earnings miss in its latest quarter, posting an EPS of $0.29 compared to a consensus estimate of $0.44, alongside revenues of $1.94 billion against expectations of $2.20 billion.
• CenterPoint Energy recently announced a quarterly dividend of $0.22 per share, representing an annualized yield of 2.4%.

Shares of CenterPoint Energy, Inc. (NYSE:CNP - Get Free Report) have been given a consensus recommendation of "Hold" by the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.7083.

Several equities research analysts recently commented on CNP shares. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Barclays lifted their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Scotiabank lifted their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a report on Friday, July 25th. BMO Capital Markets lifted their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CNP. Curat Global LLC purchased a new position in CenterPoint Energy in the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of CenterPoint Energy during the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of CenterPoint Energy during the first quarter valued at approximately $27,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $29,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Down 1.3%

NYSE:CNP opened at $37.31 on Tuesday. CenterPoint Energy has a one year low of $26.32 and a one year high of $39.39. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The company's 50-day simple moving average is $37.55 and its 200 day simple moving average is $36.81. The firm has a market capitalization of $24.35 billion, a P/E ratio of 26.09, a PEG ratio of 2.77 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, analysts forecast that CenterPoint Energy will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.88 annualized dividend and a yield of 2.4%. CenterPoint Energy's payout ratio is 61.54%.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.

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