CenterPoint Energy (NYSE:CNP) Coverage Initiated by Analysts at HSBC

Equities research analysts at HSBC assumed coverage on shares of CenterPoint Energy (NYSE:CNP) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $44.00 price target on the utilities provider’s stock. HSBC’s price objective suggests a potential upside of 9.07% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CNP. JPMorgan Chase & Co. reduced their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Wolfe Research restated an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen began coverage on CenterPoint Energy in a research report on Thursday. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Citigroup decreased their price objective on CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.28.

CenterPoint Energy Price Performance

NYSE:CNP opened at $40.34 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. CenterPoint Energy has a one year low of $36.37 and a one year high of $45.26. The company has a fifty day moving average price of $38.97 and a 200 day moving average price of $41.48. The stock has a market cap of $26.57 billion, a P/E ratio of 23.73, a PEG ratio of 2.66 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results 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. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period last year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts anticipate that CenterPoint Energy will post 1.91 earnings per share for the current year.

Institutional Trading of CenterPoint Energy

Several institutional investors have recently made changes to their positions in the business. Deutsche Bank AG bought a new stake in CenterPoint Energy in the second quarter valued at about $770,871,000. Bank of America Corp DE acquired a new position in CenterPoint Energy in the second quarter worth about $332,753,000. Legal & General Group Plc bought a new position in CenterPoint Energy during the second quarter worth about $250,273,000. GQG Partners LLC bought a new position in CenterPoint Energy during the second quarter worth about $176,574,000. Finally, Bank of New York Mellon Corp bought a new position in CenterPoint Energy during the second quarter worth about $163,893,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

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.