CenterPoint Energy (NYSE:CNP) Stock Lifted to “Strong-Buy” by TD Cowen

CenterPoint Energy (NYSE:CNP) was upgraded by research analysts at TD Cowen to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

CNP has been the topic of a number of other research reports. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. BMO Capital Markets decreased their target price on shares of CenterPoint Energy from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday. KeyCorp lowered their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BTIG Research began coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.28.

CenterPoint Energy Stock Up 2.2%

CenterPoint Energy stock opened at $41.21 on Thursday. The business’s 50-day simple moving average is $38.99 and its two-hundred day simple moving average is $41.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $27.15 billion, a PE ratio of 24.24, a PEG ratio of 2.67 and a beta of 0.47. CenterPoint Energy has a fifty-two week low of $36.37 and a fifty-two 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, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts anticipate that CenterPoint Energy will post 1.91 EPS for the current year.

Institutional Trading of CenterPoint Energy

Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new stake in CenterPoint Energy in the second quarter valued at $770,871,000. Bank of America Corp DE purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $332,753,000. Legal & General Group Plc purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $250,273,000. GQG Partners LLC purchased a new position 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 CenterPoint Energy in the 2nd quarter valued at approximately $163,893,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.