TD Cowen Initiates Coverage on CenterPoint Energy (NYSE:CNP)

Equities research analysts at TD Cowen initiated coverage on shares of CenterPoint Energy (NYSE:CNP) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $47.00 price target on the utilities provider’s stock. TD Cowen‘s target price points to a potential upside of 14.04% from the stock’s current price.

A number of other equities analysts also recently commented on CNP. JPMorgan Chase & Co. lowered their price objective on CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. BTIG Research started coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Citigroup reduced their price objective on CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Finally, KeyCorp decreased their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.28.

CenterPoint Energy Trading Up 2.2%

CenterPoint Energy stock opened at $41.21 on Thursday. The business has a 50-day simple moving average of $38.99 and a two-hundred day simple moving average of $41.46. The company has a market cap of $27.15 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.67 and a beta of 0.47. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. CenterPoint Energy has a 52-week low of $36.37 and a 52-week high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) 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 firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy will post 1.91 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $27,000 after purchasing an additional 235 shares during the period. Keating Financial Advisory Services Inc. purchased a new position in shares of CenterPoint Energy during the second quarter worth approximately $27,000. MidFirst Bank purchased a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $38,000. Rexford Capital Inc. bought a new stake in shares of CenterPoint Energy in the first quarter worth about $39,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at approximately $40,000. 91.77% of the stock is owned by institutional investors.

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.