CenterPoint Energy (NYSE:CNP) Sets New 12-Month Low – Here’s What Happened

CenterPoint Energy, Inc. (NYSE:CNP)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $37.18 and last traded at $37.4040, with a volume of 432309 shares changing hands. The stock had previously closed at $37.85.

Analyst Ratings Changes

Several brokerages have recently commented on CNP. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research note on Thursday, June 18th. BMO Capital Markets decreased their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wolfe Research reiterated an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. Truist Financial decreased 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 upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.93.

CenterPoint Energy Price Performance

The company has a market capitalization of $24.55 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.51 and a beta of 0.46. The company has a 50 day moving average price of $40.62 and a 200 day moving average price of $42.17. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the prior year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. CenterPoint Energy’s payout ratio is 56.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its holdings in CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after acquiring an additional 6,794,535 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares during the period. Deutsche Bank AG acquired a new position in shares of CenterPoint Energy during the second quarter worth $770,871,000. Geode Capital Management LLC grew its stake in shares of CenterPoint Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after purchasing an additional 166,305 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CenterPoint Energy in the fourth quarter worth $343,925,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.