CenterPoint Energy (NYSE:CNP) Stock Price Target Cut by KeyCorp

CenterPoint Energy (NYSE:CNP) had its price target reduced by analysts at KeyCorp from $46.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price points to a potential upside of 12.80% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial decreased their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday, August 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Royal Bank Of Canada assumed coverage on CenterPoint Energy in a research report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 target price on the stock. Finally, Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a research note on Thursday, June 18th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and an average target price of $44.56.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $39.01 on Tuesday. The company has a market capitalization of $25.70 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The firm has a fifty day simple moving average of $39.06 and a 200-day simple moving average of $41.62. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a twelve month low of $36.37 and a twelve month high of $45.26.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last 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 will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of CenterPoint Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. Focus Financial Network Inc. grew its holdings in CenterPoint Energy by 4.9% during the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 239 shares in the last quarter. CX Institutional increased its position in shares of CenterPoint Energy by 3.7% in the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 275 shares during the last quarter. IFP Advisors Inc increased its position in shares of CenterPoint Energy by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 2,555 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 332 shares during the last quarter. Finally, Accredited Investors Inc. increased its position in shares of CenterPoint Energy by 5.5% in the 1st quarter. Accredited Investors Inc. now owns 7,222 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

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.