CenterPoint downgraded by Morgan Stanley with a new price target
$CNP
Electric Utilities: Central
Utilities
Morgan Stanley downgraded CenterPoint from Overweight to Equal-Weight and set a new price target of $29.00 from $30.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $29.00 | Neutral | BofA Securities |
| 8/13/2024 | $32.00 → $28.00 | Overweight → Equal Weight | Wells Fargo |
| 8/2/2024 | $31.00 → $28.00 | Outperform → Market Perform | BMO Capital Markets |
| 8/2/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/2/2024 | $32.00 → $29.00 | Overweight → Neutral | JP Morgan |
| 7/17/2024 | $30.00 → $29.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/23/2024 | $29.00 → $30.00 | Outperform → In-line | Evercore ISI |
| 10/5/2023 | $29.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
BMO Capital analyst James Thalacker maintains CenterPoint Energy (NYSE:CNP) with a Outperform and lowers the price target from $33 to $32.
Keybanc analyst Sophie Karp maintains CenterPoint Energy (NYSE:CNP) with a Overweight and lowers the price target from $33 to $31.
In the latest quarter, 6 analysts provided ratings for CenterPoint Energy (NYSE:CNP), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 2 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $30.83, with a high estimate of $33.00 and a low estimate of $29.00. This current average reflects an increase of
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Reported Q3 2024 earnings per diluted share of $0.30 on a GAAP basis and $0.31 earnings per diluted share on a non-GAAP basis ("non-GAAP EPS") Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63 per diluted share, which represents 8% growth over full-year 2023 non-GAAP EPS at the midpoint1 Initiated 2025 non-GAAP guidance range of $1.74-$1.76 per diluted share, which at the midpoint represents 8% growth from the 2024 midpoint and further maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually1 CenterPoint Energy, Inc. (NYSE:CNP) or "CenterPoint" today reported income available to common shareholders of $193 million, or $0.30 per diluted sha
Houston, TX, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Date: October 28, 2024 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. First Quarter 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2024 the company owned approxim
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2100 per share on the issued and outstanding shares of Common Stock payable on December 12, 2024 to shareholders of record at the close of business on November 21, 2024. This quarterly dividend represents a $0.010 increase over the prior quarter and aligns with an annual dividend of $0.81 for 2024 which represents an 8% average dividend increase over the past three years. About CenterPoint Energy, Inc. As the only investor-owne
Additional senior leadership team hire underscores the company's commitment to improving emergency preparation, management and coordination after Hurricane Beryl HOUSTON, Oct. 28, 2024 /PRNewswire/ -- CenterPoint Energy announced today the hiring of a new senior leader with tested industry experience in emergency management to transform its Emergency Preparedness and Response strategy. This enterprise leadership position underscores CenterPoint's commitment to improving its emergency response and coordination following Hurricane Beryl, and represents completing another of the more than 40 commitments CenterPoint made as part of the Greater Houston Resiliency Initiative (GHRI) in August.
HOUSTON, Sept. 6, 2024 /PRNewswire/ -- CenterPoint Energy (NYSE:CNP) today announced the appointment of a new senior leadership team member with deep utility industry and communications experience. This strategic appointment underscores CenterPoint's commitment following Hurricane Beryl to deliver best-in-class communications to its customers and stakeholders. Keith Stephens has been named to the newly created role of Senior Vice President and Chief Communications Officer, effective immediately. Stephens joins CenterPoint from his role as Senior Vice President of Corporate Aff
HOUSTON, April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) announced the results of the voting by shareholders at its 2024 annual meeting. Shareholders approved the following proposals: The election of Wendy Montoya Cloonan, Earl M. Cummings, Barbara J. Duganier, Christopher H. Franklin, Raquelle W. Lewis, Thaddeus J. Malik, Theodore F. Pound, Ricky A. Raven, Phillip R. Smith, Barry T. Smitherman, and Jason P. Wells to serve on the company's Board of Directors for one-year terms;The ratification of the appointment of Deloitte & Touche LLP as the company's inde
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BofA Securities resumed coverage of CenterPoint with a rating of Neutral and set a new price target of $29.00
Wells Fargo downgraded CenterPoint from Overweight to Equal Weight and set a new price target of $28.00 from $32.00 previously
BMO Capital Markets downgraded CenterPoint from Outperform to Market Perform and set a new price target of $28.00 from $31.00 previously
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Reported Q3 2024 earnings per diluted share of $0.30 on a GAAP basis and $0.31 earnings per diluted share on a non-GAAP basis ("non-GAAP EPS") Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63 per diluted share, which represents 8% growth over full-year 2023 non-GAAP EPS at the midpoint1 Initiated 2025 non-GAAP guidance range of $1.74-$1.76 per diluted share, which at the midpoint represents 8% growth from the 2024 midpoint and further maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually1 CenterPoint Energy, Inc. (NYSE:CNP) or "CenterPoint" today reported income available to common shareholders of $193 million, or $0.30 per diluted sha
Additional senior leadership team hire underscores the company's commitment to improving emergency preparation, management and coordination after Hurricane Beryl HOUSTON, Oct. 28, 2024 /PRNewswire/ -- CenterPoint Energy announced today the hiring of a new senior leader with tested industry experience in emergency management to transform its Emergency Preparedness and Response strategy. This enterprise leadership position underscores CenterPoint's commitment to improving its emergency response and coordination following Hurricane Beryl, and represents completing another of the more than 40 commitments CenterPoint made as part of the Greater Houston Resiliency Initiative (GHRI) in August.
Expert after-action report outlines 77 recommendations to improve storm response; CenterPoint has already completed or is implementing two-thirds of the recommendations HOUSTON, Oct. 25, 2024 /PRNewswire/ -- Today, CenterPoint Energy made public an independent expert report of its response to Hurricane Beryl, which included 77 recommendations designed to improve readiness, response and communications during future major storms and emergencies. To date, because of the work associated with the Greater Houston Resiliency Initiative (GHRI) launched on August 5, CenterPoint has alr