TD Cowen Initiates CenterPoint Energy (CNP) at Buy
Key Points
- TD Cowen issued a Buy rating and a $47.00 price target on CenterPoint Energy, Inc. on October 22, 2026.
- TD Cowen's $47 price target implies 16.57% upside from CenterPoint Energy, Inc.'s ($CNP) current $40.32 share price.
- CenterPoint Energy trades recently around $40.32, sitting below its 200-day moving average of $41.45.
- The company reports a trailing-twelve-month revenue of $9.62 billion and a P/E ratio of 24.17.
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TD Cowen issued a Buy rating on CenterPoint Energy, Inc. (NYSE: CNP) on October 22, 2026, establishing a price target of $47.00. According to the research note, the firm started coverage with an optimistic outlook for the utility holding company.
CNP
CenterPoint Energy, Inc.
TD Cowen's Call on CenterPoint Energy
On October 22, 2026, TD Cowen initiated coverage of the stock with a Buy rating and set a $47.00 price target. This forward-looking assessment reflects the firm's view on the company's operational footprint in regulated electric and natural gas utilities.
Other Institutional Activity in CenterPoint Energy
Capital International Investors grew its holdings by 8,064,739 shares, ending with 44,148,583 shares worth about $1,803,690,338. Deutsche Bank AG added 5,215,283 shares to finish with 17,503,887 shares valued at roughly $715,121,295.
CenterPoint Energy, Inc. Stock Holds Steady
Shares recently traded around $40.32 as of October 22, 2026, down about 1.3% from the session close of $40.85 on that same date. The stock sits roughly 3.4% above its 50-day moving average of $38.98 and about 2.7% below its 200-day moving average of $41.45. The share price is positioned below its 52-week high of $45.26 and above its 52-week low of $36.37.
$CNP price target
CenterPoint Energy, Inc. daily closes and this analyst's $47 target. Not advice.
Recent Earnings
CenterPoint Energy posted a trailing-twelve-month revenue of $9,619,999,744.00 and basic earnings per share of $1.69. The company generated a net profit margin of 11.6% alongside a return on equity of 9.8%. The next earnings report is scheduled for October 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 4.0%.
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Profit surprise
EBITDA beat by 14 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises.
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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.
Dividend
The company pays an annual dividend rate of $0.96 per share, giving it a dividend yield of 2.38%. The payout ratio sits at 53.2%.
Insider Buying and Selling at CenterPoint Energy, Inc.
Director Phillip R. Smith sold 6,200 shares on November 6, 2025, at an average price of $38.83 for a total value of $240,746.00. Later, on August 17, 2026, Director Laurie Lee Fitch bought 1,000 shares at an average price of $40.70, totaling $40,700.00.
Analysts Set New Price Targets
On October 19, 2026, Barclays maintained an Equal-Weight rating while lowering its price target from $44.00 to $41.00. On the same day, BMO Capital kept an Outperform rating while reducing its target from $48.00 to $45.00. Morgan Stanley maintained an Equal-Weight rating on October 21, 2026, moving its target from $38.00 to $39.00. HSBC also initiated coverage on October 22, 2026, with a Buy rating and a $44.00 price target. Consensus opinions across 19 analysts point toward a buy recommendation and a mean price target of $44.00.
About CenterPoint Energy
CenterPoint Energy, Inc. functions as a public utility holding company based in Houston, Texas. It provides electric transmission, distribution, and wholesale power services alongside natural gas distribution to customers across its service territories.
Bottom Line
Investors will watch for the company's upcoming earnings release on October 27, 2026, to gauge ongoing operational results and utility sector performance.
Related Filing Alerts
Source: TD Cowen's rating change on $CNP (Oct 22, 2026). Written by software, not financial advice. How we make alerts