Mizuho Reiterates Neutral Rating on CenterPoint Energy (CNP)

Mizuho analyst Anthony Crowdell reiterated a Neutral rating and $42.00 price target on CenterPoint Energy (NYSE: CNP).

The analyst commented: "Earlier today, CenterPoint reported 3Q adjusted EPS of $0.50, beating consensus of $0.44 by ~14%. The company reaffirmed 2025 EPS guidance of $1.75–$1.77, 2026 guidance of $1.89–$1.91, and a 7–9% EPS CAGR. Strong 3Q results were driven by favorable rate recovery, O&M savings, and continued growth in its Houston Electric utility. CNP's $65B 10-year capital plan supports an 11% rate base CAGR through 2030, with double-digit growth beyond. After the sale of its Ohio utility, 70% of its capital plan will be dedicated to Texas. Interim capital trackers remain a tailwind, with TCOS approved and DCRF expected in December. Balance sheet metrics remain a priority, aided by storm securitization from Hurricane Berryl expected by year-end, and a forecasted 100-150 bps cushion above the downgrade threshold. We reiterate our Neutral rating and $42 price target."

For an analyst ratings summary and ratings history on CenterPoint Energy click here. For more ratings news on CenterPoint Energy click here.

Shares of CenterPoint Energy closed at $39.60 yesterday.

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