CenterPoint Energy (NYSE:CNP) Reaches New 52-Week Low – Here’s What Happened

CenterPoint Energy, Inc. (NYSE:CNP) reached a new 52-week low during trading on Wednesday . The company traded as low as $37.18 and last traded at $37.4040, with a volume of 432309 shares trading hands. The stock had previously closed at $37.85.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNP shares. Truist Financial lowered their price objective on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Morgan Stanley lowered their price target on shares of CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Finally, Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.93.

CenterPoint Energy Stock Down 1.5%

The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The firm’s 50 day moving average price is $40.62 and its two-hundred day moving average price is $42.17. The company has a market cap of $24.55 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.51 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 20th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. CenterPoint Energy’s payout ratio is presently 56.47%.

Hedge Funds Weigh In On CenterPoint Energy

Several large investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in CenterPoint Energy in the second quarter worth $27,000. Rothschild Investment LLC lifted its stake in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in CenterPoint Energy during the second quarter valued at about $38,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.