CenterPoint Energy, Inc. (NYSE:CNP) Receives $25.90 Consensus Target Price from Analysts

CenterPoint Energy, Inc. (NYSE:CNP) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.90.

A number of brokerages recently weighed in on CNP. began coverage on CenterPoint Energy in a research report on Monday, June 14th. They set a “neutral” rating on the stock. Citigroup began coverage on CenterPoint Energy in a research report on Monday, June 14th. They set a “neutral” rating on the stock. Finally, Evercore ISI reaffirmed a “buy” rating and set a $26.00 price objective on shares of CenterPoint Energy in a research report on Friday, August 6th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank boosted its holdings in CenterPoint Energy by 7.3% in the second quarter. Swiss National Bank now owns 2,247,022 shares of the utilities provider’s stock worth $55,097,000 after acquiring an additional 152,865 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of CenterPoint Energy by 15.8% in the first quarter. Federated Hermes Inc. now owns 53,490 shares of the utilities provider’s stock worth $1,211,000 after purchasing an additional 7,314 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of CenterPoint Energy by 9.7% in the first quarter. Public Employees Retirement System of Ohio now owns 271,693 shares of the utilities provider’s stock worth $6,154,000 after purchasing an additional 24,131 shares during the last quarter. Aviva PLC raised its stake in shares of CenterPoint Energy by 11.0% in the second quarter. Aviva PLC now owns 186,001 shares of the utilities provider’s stock worth $4,561,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of CenterPoint Energy by 10.2% in the second quarter. Cullen Frost Bankers Inc. now owns 147,976 shares of the utilities provider’s stock worth $3,629,000 after purchasing an additional 13,736 shares during the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.

Shares of CNP traded up $0.02 during midday trading on Monday, reaching $25.43. 278,614 shares of the stock were exchanged, compared to its average volume of 5,404,841. CenterPoint Energy has a 52 week low of $18.67 and a 52 week high of $27.19. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 2.22. The company’s 50 day moving average is $25.74 and its two-hundred day moving average is $24.75. The company has a market capitalization of $15.08 billion, a P/E ratio of 19.11, a PEG ratio of 3.61 and a beta of 0.98.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. CenterPoint Energy had a return on equity of 17.22% and a net margin of 11.74%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company earned $0.21 EPS. On average, sell-side analysts expect that CenterPoint Energy will post 1.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 9th. Shareholders of record on Thursday, August 19th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, August 18th. CenterPoint Energy’s dividend payout ratio is presently 45.71%.

About CenterPoint Energy

CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: Houston Electric Transmission & Distribution (T&D); Indiana Electric Integrated; Natural Gas Distribution; Energy Services; Infrastructure Services; Midstream Investments; and Corporate and Other.

Further Reading: Why Invest in High-Yield Dividend Stocks?

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.