CenterPoint Energy Q3 Earnings Forecast Lowered by KeyCorp

Key Points

• KeyCorp lowered CenterPoint Energy’s Q3 2026 EPS forecast to $0.48 from $0.51, while maintaining an Overweight rating and a $44 price target.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and $44.38 average target, although JPMorgan reduced its target to $44 and downgraded the stock to Neutral.
• CenterPoint declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 2.4% yield; institutional investors own approximately 91.77% of the company.

CenterPoint Energy, Inc. (NYSE:CNP - Free Report) - Equities researchers at KeyCorp decreased their Q3 2026 earnings estimates for CenterPoint Energy in a report released on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.51. KeyCorp has an "Overweight" rating and a $44.00 price objective on the stock. The consensus estimate for CenterPoint Energy's current full-year earnings is $1.91 per share. KeyCorp also issued estimates for CenterPoint Energy's FY2027 earnings at $2.08 EPS, FY2028 earnings at $2.26 EPS, FY2029 earnings at $2.45 EPS and FY2030 earnings at $2.66 EPS.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping 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 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS.

Other analysts also recently issued reports about the company. Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a research note on Thursday, June 18th. Truist Financial dropped their target price on CenterPoint Energy from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday. Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a report on Friday, September 11th. Finally, BMO Capital Markets lowered their price objective on CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.38.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $39.64 on Thursday. CenterPoint Energy has a 12-month low of $36.37 and a 12-month high of $45.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.60 and a beta of 0.47. The firm's fifty day moving average price is $39.00 and its 200 day moving average price is $41.59.

Institutional Investors Weigh In On CenterPoint Energy

Several institutional investors and hedge funds have recently made changes to their positions in CNP. T. Rowe Price Investment Management Inc. grew its holdings in 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 acquiring an additional 6,794,535 shares during the period. Deutsche Bank AG bought a new stake in CenterPoint Energy in the second quarter worth about $770,871,000. Bank of America Corp DE bought a new stake in CenterPoint Energy in the second quarter worth about $332,753,000. Legal & General Group Plc acquired a new stake in CenterPoint Energy in the 2nd quarter valued at about $250,273,000. Finally, GQG Partners LLC acquired a new stake in CenterPoint Energy in the 2nd quarter valued at about $176,574,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.96 annualized dividend and a yield of 2.4%. CenterPoint Energy's dividend payout ratio is presently 56.47%.

Trending Headlines about CenterPoint Energy

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyCorp maintained an Overweight rating and a $44 price target, implying roughly 11% upside from the reference price. The firm’s long-term estimates still project earnings growth from $2.08 per share in fiscal 2027 to $2.66 in fiscal 2030. CenterPoint Energy Gets a Buy from KeyBanc
• Neutral Sentiment: CenterPoint announced a $5.39122 additional-interest payment per 2.0% Zero-Premium Exchangeable Subordinated Note due 2029. The payment is scheduled for November 4, 2026, to holders of record on October 21, and represents a contractual cash distribution rather than a change to the company’s operating outlook. CenterPoint Energy to Pay Additional Interest on Notes
• Negative Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $0.48 from $0.51 and its Q4 estimate to $0.42 from $0.46. It also reduced its fiscal 2027–2030 forecasts by $0.01 to $0.04 per share, signaling somewhat weaker near- and long-term earnings expectations despite retaining its positive rating.
• Negative Sentiment: JPMorgan cut its price target from $46 to $44 and changed its rating to Neutral, reflecting a more cautious view of CenterPoint’s valuation and growth prospects. JPMorgan Issues Pessimistic Forecast for CenterPoint Energy

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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