KeyCorp Raises Earnings Estimates for CenterPoint Energy

CenterPoint Energy, Inc. (NYSE:CNP) – Equities researchers at KeyCorp boosted their FY2025 earnings per share estimates for CenterPoint Energy in a research report issued to clients and investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $1.75 per share for the year, up from their prior estimate of $1.72. The consensus estimate for CenterPoint Energy’s current full-year earnings is $1.62 per share. KeyCorp also issued estimates for CenterPoint Energy’s FY2027 earnings at $2.03 EPS and FY2028 earnings at $2.18 EPS.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. BMO Capital Markets restated a “market perform” rating and set a $28.00 price objective on shares of CenterPoint Energy in a research report on Monday, August 26th. Bank of America assumed coverage on CenterPoint Energy in a report on Thursday, September 12th. They issued a “neutral” rating and a $29.00 target price for the company. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, Scotiabank lifted their price objective on shares of CenterPoint Energy from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.58.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $31.99 on Thursday. CenterPoint Energy has a 52-week low of $25.41 and a 52-week high of $33.00. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.79 and a beta of 0.96. The firm’s fifty day moving average is $30.35 and its 200 day moving average is $29.32. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $0.40 EPS.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.21 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, November 21st. CenterPoint Energy’s payout ratio is presently 55.63%.

Institutional Investors Weigh In On CenterPoint Energy

Several hedge funds have recently modified their holdings of the business. Railway Pension Investments Ltd purchased a new position in CenterPoint Energy in the second quarter valued at about $63,758,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of CenterPoint Energy by 46.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider’s stock valued at $144,570,000 after buying an additional 1,484,079 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of CenterPoint Energy by 566.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider’s stock worth $51,330,000 after buying an additional 1,482,966 shares during the last quarter. Maple Brown Abbott Ltd bought a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $42,548,000. Finally, Merewether Investment Management LP purchased a new stake in CenterPoint Energy during the second quarter valued at approximately $31,188,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.