CenterPoint Energy (NYSE:CNP) Stock Gets Price Target Trim from JPMorgan Chase & Co.

CenterPoint Energy (NYSE:CNP) had its price objective reduced by JPMorgan Chase & Co. from $46.00 to $44.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on CNP. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Citigroup lowered their price objective on shares of CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a report on Thursday, June 18th. BTIG Research assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Finally, Royal Bank Of Canada began coverage on shares of CenterPoint Energy in a report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.38.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.74 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The firm has a market cap of $26.18 billion, a PE ratio of 23.38, a PEG ratio of 2.62 and a beta of 0.47. The company has a fifty day moving average price of $38.98 and a 200 day moving average price of $41.57. CenterPoint Energy has a 1-year low of $36.37 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts predict that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.96 annualized dividend and a yield of 2.4%. CenterPoint Energy’s dividend payout ratio is 56.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its position in shares of CenterPoint Energy by 13.2% during the 4th 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 purchasing an additional 6,794,535 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $770,871,000. Bank of America Corp DE acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $332,753,000. Legal & General Group Plc acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $250,273,000. Finally, GQG Partners LLC bought a new position in shares of CenterPoint Energy in the second quarter valued at $176,574,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy News Roundup

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

• Positive Sentiment: KeyBanc initiated or reiterated a Buy rating on CenterPoint Energy, supporting the view that the utility’s valuation and longer-term growth prospects remain attractive. Centerpoint Energy Gets a Buy from KeyBanc
• Positive Sentiment: KeyCorp maintained an Overweight rating and a $44 price target. Although the firm reduced its forecasts, its target remains above the current share price, indicating continued confidence in CenterPoint’s longer-term earnings potential.
• Neutral Sentiment: CenterPoint announced that holders of its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 will receive $5.39122 of additional interest per note on November 4, 2026. The payment reflects cash distributed in respect of the notes and is primarily a scheduled financing obligation rather than a change to operating performance. CenterPoint Energy to Pay Additional Interest
• 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 trimmed forecasts for FY2027 through FY2030, including FY2030 EPS to $2.66 from $2.70. The revisions suggest near-term and long-term earnings expectations have softened, despite the continued Overweight rating.
• Negative Sentiment: JPMorgan issued a pessimistic forecast for CenterPoint’s stock price, adding a more cautious analyst view and potentially limiting enthusiasm around the shares. JPMorgan Issues Pessimistic Forecast

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.