Truist Securities Cuts CNP Price Target to $44
Truist Securities reaffirms its Buy rating on CenterPoint Energy with a new price target of $44.00, a 8.72% upside from the current price.
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Truist Securities cut its price target on CenterPoint Energy, Inc. ($CNP) to $44 from $46 on October 12, 2026, and rates the stock "Buy".
Since the rating, $CNP is up 3.9% to date (from the $39.03 close on Oct 12, 2026).
CNP
CenterPoint Energy, Inc.
Key Points
- On October 12, 2026, Truist Securities reiterated its Buy rating on CenterPoint Energy, Inc. with a price target of $44.00, down from $46.00.
- Truist Securities's $44 price target implies 8.72% upside from CenterPoint Energy, Inc.'s ($CNP) current $40.47 share price.
- Shares of CenterPoint Energy recently traded around $40.47, which is about 8% below Truist's revised target.
- The company is scheduled to report its next earnings on October 22, 2026, and has a dividend yield of 2.4%.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CenterPoint Energy, Inc. alert may contain errors. Disclosures
Truist Securities reiterated its Buy rating on CenterPoint Energy, Inc. (NYSE:CNP) on October 12, 2026, adjusting the price target down from $46.00 to $44.00. This change reflects a slight decrease in their outlook for the utility company, which operates in the regulated electric sector.
Other Institutional Activity in CenterPoint Energy
Capital Research Global Investors trimmed its stake in CenterPoint Energy by 896,251 shares, bringing its total to about 71.4 million shares worth approximately $2.89 billion. Meanwhile, T. Rowe Price Investment Management, Inc. added 7.1 million shares, increasing its holdings to around 66.4 million shares valued at about $2.69 billion. Blackrock Inc. also increased its stake by 1.1 million shares, totaling about 58.4 million shares worth around $2.37 billion. In contrast, Capital International Investors boosted its position by 8.1 million shares, now holding about 44.1 million shares valued at approximately $1.79 billion. Lastly, Vanguard Capital Management LLC added 225,317 shares, bringing its total to about 42.7 million shares worth about $1.73 billion.
CenterPoint Energy, Inc. Stock Up 5.9%
As of October 16, 2026, CenterPoint Energy shares traded at approximately $40.47, which is about 8% below Truist's price target of $44.00. This stock has been fluctuating, recently trading near its lower range, which may impact investor sentiment.
$CNP price target
CenterPoint Energy, Inc. daily closes and this analyst's $44 target. Not advice.
Recent Earnings
For the trailing twelve months, CenterPoint Energy reported a total revenue of approximately $9.62 billion and an EPS of $1.68. The company has shown a year-over-year revenue growth of 10.7%, with a net margin of 11.6% and a return on equity of 9.8%. The next earnings report is due on October 22, 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
CenterPoint Energy offers an annual dividend rate of $0.96 per share, resulting in a dividend yield of about 2.4%. The company maintains a dividend payout ratio of 53.6%.
Insider Buying and Selling at CenterPoint Energy, Inc.
On August 17, 2026, Director Laurie Lee Fitch bought 1,000 shares of CenterPoint Energy at an average price of $40.70, totaling about $40,700. Earlier, on November 6, 2025, Director Phillip R. Smith sold 6,200 shares at an average price of $38.83, valued at approximately $240,746.
Analysts Set New Price Targets
On October 12, 2026, Truist Securities maintained its Buy rating on CenterPoint Energy, revising its price target to $44.00 from $46.00. Earlier, on October 8, 2026, Citigroup maintained a Neutral rating with a target of $43.00, down from $47.00. The consensus among analysts suggests a cautious outlook as the average price target remains around $43.00.
About CenterPoint Energy
CenterPoint Energy, Inc. is a public utility holding company based in Houston, TX. It provides electric transmission and distribution services, along with natural gas services. The company's operations are crucial for delivering energy across its service areas, making it a key player in the utilities sector.
Bottom Line
Investors should watch for CenterPoint Energy's upcoming earnings report on October 22, 2026, and any further adjustments to analyst ratings or price targets. Truist's recent rating reaffirmation shows ongoing confidence in the company despite the target reduction.
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Source: Truist Securities's rating change on $CNP (Oct 12, 2026). Written by software, not financial advice. How we make alerts