What is Scotiabank's Forecast for CNP FY2026 Earnings?

CenterPoint Energy, Inc. (NYSE:CNP - Free Report) - Stock analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of CenterPoint Energy in a report released on Wednesday, January 8th. Scotiabank analyst A. Weisel expects that the utilities provider will post earnings per share of $1.87 for the year. Scotiabank currently has a "Sector Outperform" rating and a $35.00 target price on the stock. The consensus estimate for CenterPoint Energy's current full-year earnings is $1.62 per share.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.40 earnings per share.

Several other equities research analysts also recently commented on CNP. StockNews.com downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. Bank of America began coverage on CenterPoint Energy in a research report on Thursday, September 12th. They set a "neutral" rating and a $29.00 price target for the company. Wells Fargo & Company increased their price objective on CenterPoint Energy from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. UBS Group raised CenterPoint Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Finally, Morgan Stanley cut their price target on shares of CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $31.27.

CenterPoint Energy Stock Performance

CNP stock traded up $0.05 during trading on Friday, reaching $31.22. The company had a trading volume of 4,826,305 shares, compared to its average volume of 4,045,468. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. CenterPoint Energy has a twelve month low of $25.41 and a twelve month high of $33.00. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.95. The firm has a 50-day simple moving average of $31.41 and a 200-day simple moving average of $29.57.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.22 dividend. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.82%. CenterPoint Energy's payout ratio is presently 58.28%.

Institutional Investors Weigh In On CenterPoint Energy

Several hedge funds have recently modified their holdings of CNP. ING Groep NV purchased a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $2,564,000. DRW Securities LLC purchased a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $908,000. Swiss National Bank raised its stake in shares of CenterPoint Energy by 1.3% during the 3rd quarter. Swiss National Bank now owns 1,898,800 shares of the utilities provider's stock worth $55,863,000 after buying an additional 24,400 shares during the period. Bank of Montreal Can grew its stake in CenterPoint Energy by 13.4% in the 2nd quarter. Bank of Montreal Can now owns 1,052,237 shares of the utilities provider's stock valued at $32,630,000 after acquiring an additional 124,529 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in CenterPoint Energy in the 3rd quarter valued at $705,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

About CenterPoint Energy

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.