CenterPoint Energy (NYSE:CNP) Price Target Lowered to $39.00 at Morgan Stanley

CenterPoint Energy (NYSE:CNP) had its target price cut by stock analysts at Morgan Stanley from $40.00 to $39.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 1.76% from the company’s previous close.

Other equities analysts also recently issued reports about the company. KeyCorp reduced their target price on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.36.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock traded down $0.50 during trading hours on Friday, hitting $39.70. 1,977,127 shares of the company were exchanged, compared to its average volume of 5,651,377. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.39 and a beta of 0.46. CenterPoint Energy has a 1 year low of $36.60 and a 1 year high of $45.26. The business has a 50-day moving average of $42.77 and a 200-day moving average of $42.63.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts expect that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $254,000. AQR Capital Management LLC increased its holdings in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after acquiring an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after buying an additional 3,821 shares during the period. Empowered Funds LLC raised its holdings in shares of CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares during the period. Finally, Woodline Partners LP raised its stake in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the period. 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.