CenterPoint Energy (NYSE:CNP) Given New $41.00 Price Target at Barclays

CenterPoint Energy (NYSE:CNP) had its price target cut by investment analysts at Barclays from $44.00 to $41.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential upside of 3.52% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Royal Bank Of Canada initiated coverage on CenterPoint Energy in a research report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 price target for the company. Truist Financial decreased their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Friday, September 11th. Finally, Citigroup cut their price objective on shares of CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.06.

CenterPoint Energy Stock Down 2.3%

CNP stock traded down $0.95 during trading hours on Monday, reaching $39.60. 2,377,228 shares of the stock were exchanged, compared to its average volume of 5,837,262. The firm’s 50-day moving average is $38.98 and its 200-day moving average is $41.55. The company has a market cap of $26.09 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.68 and a beta of 0.47. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. CenterPoint Energy has a 12 month low of $36.37 and a 12 month high of $45.26.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. 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. On average, equities research analysts expect that CenterPoint Energy will post 1.91 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $770,871,000. Bank of America Corp DE bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $332,753,000. Legal & General Group Plc bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $250,273,000. GQG Partners LLC bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $176,574,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $163,893,000. 91.77% of the stock is owned by institutional investors and hedge funds.

About CenterPoint Energy

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.