TD Cowen Initiates CenterPoint Energy at Buy With $47 Price Target

CenterPoint Energy plans to invest $4 billion in new transmission lines to meet Houston data center demand, raising its 2030 capital expenditure forecast to $38.7 billion. The company reported higher earnings outlook and Q3 2026 profit of $331 million, up from $293 million in Q3 2025. CEO Jason Wells highlighted Houston's growth, while CFO Christopher Foster noted cost recovery through ratepayers.

Jefferies raised its price target for CenterPoint Energy (NYSE:CNP) to $50, citing increased capital expenditures and higher EPS growth estimates. The stock trades at $41.59 with a $27.6B market cap. CenterPoint reported Q3 earnings of $0.53 per share, beating estimates, and raised its 2026 EPS guidance. The company has a 2.31% dividend yield and has increased its dividend for 5 consecutive years.

CenterPoint Energy (CNP) raised its 2026 non-GAAP EPS guidance to $1.90-$1.92, up nearly 9% at the midpoint. The company increased its 10-year capital investment plan by $4B to $70.7B, driven by customer demand. CNP expects non-GAAP EPS growth of 7%-9% annually through 2035 and enterprise rate-based CAGR of over 14% through 2030. However, higher financing costs and potential regulatory challenges were noted.

CenterPoint Energy (CNP) reported Q3 2026 non-GAAP EPS of $0.53, raising its full-year guidance to $1.90-$1.92. The company increased its capital investment plan by $4 billion, citing strong customer demand. It expects non-GAAP EPS growth at the mid-to-high end of its 7%-9% annual range through 2030, with $10 billion in additional investment opportunities through 2035.

CenterPoint Energy raised its 2026 non-GAAP EPS guidance to $1.90-$1.92, increased its 10-year capital plan by $4B to $70.7B, and extended its long-term earnings outlook. The company expects 9% EPS growth for 2027 and plans to energize 14GW of new demand by 2030. It also completed a $1.4B asset sale and anticipates credit metric improvements.

CenterPoint Energy (CNP) expanded its 10-year capital plan by $4 billion to $70.7 billion, accelerating $1.5 billion of projects. The investments aim to meet electricity demand in Houston, with plans to energize 14 GW by 2030. The company expects 14% annual enterprise rate-base growth through 2030 and raised its equity financing guide by $1.6 billion. CNP also completed a $1.4 billion Ohio business sale and anticipates regulatory benefits.