CenterPoint Energy (NYSE:CNP) Given New $45.00 Price Target at JPMorgan Chase & Co.

CenterPoint Energy (NYSE:CNP) had its target price decreased by JPMorgan Chase & Co. from $46.00 to $45.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on CNP. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Morgan Stanley reissued an “underperform” rating and set a $37.00 price objective on shares of CenterPoint Energy in a report on Wednesday, January 21st. Truist Financial initiated coverage on CenterPoint Energy in a report on Tuesday, April 21st. They set a “buy” rating and a $48.00 price objective for the company. Finally, Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.69.

CenterPoint Energy Stock Up 0.1%

Shares of CNP stock opened at $42.18 on Wednesday. The stock has a market cap of $27.59 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. CenterPoint Energy has a one year low of $35.46 and a one year high of $44.47. The stock has a fifty day moving average price of $42.99 and a 200 day moving average price of $40.75. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period last year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Institutional Trading of CenterPoint Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in CenterPoint Energy by 3.3% in the 3rd quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock valued at $18,878,000 after acquiring an additional 15,754 shares in the last quarter. Reaves W H & Co. Inc. lifted its stake in CenterPoint Energy by 15.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after acquiring an additional 962,910 shares in the last quarter. Nordea Investment Management AB lifted its stake in CenterPoint Energy by 14.3% in the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after acquiring an additional 65,440 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in CenterPoint Energy in the 3rd quarter valued at approximately $949,000. Finally, Ethos Capital Management Inc. bought a new stake in CenterPoint Energy in the 4th quarter valued at approximately $1,356,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.