Keybanc Cuts CenterPoint Energy (CNP) Price Target to $44

Keybanc maintains its Overweight rating on CenterPoint Energy with a price target of $44.00, a 8.72% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:18 PM EDT

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Keybanc cut its price target on CenterPoint Energy, Inc. ($CNP) to $44 from $46 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $CNP is up 3.0% to date (from the $39.36 close on Oct 13, 2026).

CNP CenterPoint Energy, Inc.

$40.55 +6.49% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Keybanc reiterated its Overweight rating on CenterPoint Energy, Inc. with a price target of $44.00.
Keybanc's $44 price target implies 8.72% upside from CenterPoint Energy, Inc.'s ($CNP) current $40.47 share price.
Currently, CNP trades at $40.47, which is 8% below Keybanc's price target.
CenterPoint Energy is set to report earnings on October 22, 2026, with a trailing twelve-month revenue of approximately $9.62 billion.

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Keybanc has reiterated its Overweight rating on CenterPoint Energy, Inc. (CNP) on October 13, 2026, with a price target of $44.00. This target is 8% above the recent trading price of $40.47 as of October 16, 2026.

Other Institutional Activity in CenterPoint Energy

Capital Research Global Investors reduced its stake in CenterPoint by 896,251 shares, ending with 71,382,073 shares valued at about $2.89 billion. Meanwhile, T. Rowe Price Investment Management added 7,127,262 shares, bringing its total to 66,422,281 shares worth approximately $2.69 billion. Blackrock Inc. increased its holdings by 1,071,492 shares, totaling 58,370,515 shares valued at around $2.37 billion. Capital International Investors also raised its position by 8,064,739 shares, resulting in 44,148,583 shares worth about $1.79 billion. Lastly, Vanguard Capital Management LLC slightly increased its holdings by 225,317 shares, now holding 42,737,918 shares valued at approximately $1.73 billion.

CenterPoint Energy, Inc. Stock Up 5.9%

CenterPoint Energy closed at an unreported price on the event date, but recently trades around $40.47. This price is below Keybanc's target of $44.00, suggesting potential upside if the stock aligns with analyst expectations.

12-month forecast

$CNP price target

CenterPoint Energy, Inc. daily closes and this analyst's $44 target. Not advice.

Recent Earnings

For the trailing twelve months, CenterPoint generated revenue of approximately $9.62 billion, with a net margin of 11.6% and a return on equity of 9.8%. The company is set to announce its next earnings on October 22, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B 76/100

Reported Apr 23, 2026

Forward outlook
2 analysts raised price targets.
EPS & revenue
EPS met estimates. Revenue beat estimates by 4.0%.
Profit surprise
EBITDA beat by 14 percent. Operating income met by 1 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
2 target raises.
Earnings quality
Gross margin up 39.9 points. Positive free cash flow.

Earnings Call Summary

CenterPoint reported first quarter earnings per share of $0.56 and revenue of $3 billion, beating revenue expectations. The big story was dramatically increased load commitments in Houston, now at 12.2 gigawatts instead of 7.5 gigawatts, with 8 gigawatts expected energized by 2029. Management is also pursuing transformational growth in Indiana that could add $250 million in customer savings and about $1 billion in capital spending.

Guidance Management reaffirmed full year 2026 earnings guidance of $1.89 to $1.91 per share, representing 8 percent growth over 2025. They expect long-term earnings to grow 7 percent to 9 percent annually through 2035, with most growth coming from added industrial load in Houston and Indiana.

Solid report. Results were generally better than expected, but the forward outlook did not materially change.

Insider Buying and Selling at CenterPoint Energy, Inc.

On August 17, 2026, Director Laurie Lee Fitch purchased 1,000 shares at an average price of $40.70, totaling $40,700. Prior to that, on November 6, 2025, Director Phillip R Smith sold 6,200 shares at an average price of $38.83, valued at $240,746.

Analysts Set New Price Targets

On the same day as Keybanc's reiteration, JP Morgan maintained its Neutral rating on CenterPoint with a target of $44.00, down from $46.00. Earlier, on October 8, Citigroup maintained a Neutral rating with a target of $43.00, reduced from $47.00. Truist Securities also maintained a Buy rating with a target of $44.00, down from $46.00.

About CenterPoint Energy

CenterPoint Energy, Inc. is a public utility holding company based in Houston, TX. It operates through segments that include Electric and Natural Gas, providing services like electric transmission and distribution, along with managing assets in the wholesale power market in Indiana.

Bottom Line

Investors should watch for CenterPoint's upcoming earnings report on October 22, 2026, as well as any further updates from analysts regarding the stock's performance and price targets.