CenterPoint Energy (NYSE:CNP) Given New $41.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets has raised its target price for CenterPoint Energy from $39.00 to $41.00, indicating a potential upside of 7.37% from the current price.
• CenterPoint Energy's stock currently has an average rating of "Hold", with five analysts rating it as a Buy and eight as Hold, while the consensus target price stands at $38.68.
• The company recently reported a quarterly earnings miss with EPS of $0.29 against estimates of $0.44, alongside revenues of $1.94 billion, falling short of the $2.20 billion expectation.

CenterPoint Energy (NYSE:CNP - Get Free Report) had its target price raised by investment analysts at BMO Capital Markets from $39.00 to $41.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the utilities provider's stock. BMO Capital Markets' target price points to a potential upside of 7.37% from the company's current price.

A number of other equities analysts also recently issued reports on CNP. Morgan Stanley cut their price target on shares of CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Scotiabank raised their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a report on Friday, July 25th. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, Mizuho raised their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and a consensus target price of $38.68.

CenterPoint Energy Stock Down 1.6%

Shares of CenterPoint Energy stock opened at $38.19 on Thursday. The company has a market cap of $24.93 billion, a P/E ratio of 26.70, a PEG ratio of 2.83 and a beta of 0.57. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79. CenterPoint Energy has a one year low of $28.57 and a one year high of $40.50. The firm has a fifty day moving average of $38.20 and a two-hundred day moving average of $37.25.

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

Institutional Investors Weigh In On CenterPoint Energy

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

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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