CenterPoint Energy (NYSE:CNP) Hits New 52-Week High – Should You Buy?

CenterPoint Energy, Inc. (NYSE:CNP) hit a new 52-week high on Thursday . The company traded as high as $44.41 and last traded at $44.3150, with a volume of 506560 shares. The stock had previously closed at $43.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNP shares. Mizuho set a $44.00 target price on CenterPoint Energy in a research note on Monday, February 23rd. UBS Group lowered their target price on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.60.

CenterPoint Energy Stock Performance

The stock has a 50 day simple moving average of $42.63 and a 200 day simple moving average of $40.23. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $28.41 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Hedge Funds Weigh In On CenterPoint Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 last quarter. Zacks Investment Management increased its stake in shares of CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after purchasing an additional 256 shares during the last quarter. Mather Group LLC. increased its stake in shares of CenterPoint Energy by 2.1% in the 3rd quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 264 shares during the last quarter. Salomon & Ludwin LLC increased its stake in shares of CenterPoint Energy by 16.1% in the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 308 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of CenterPoint Energy by 9.0% in the 3rd quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 309 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.