CenterPoint Energy Stock Rises on $2.62B Asset Sale and Earnings Beat

Key Facts

1CenterPoint Energy completed the $2.62 billion sale of its Ohio natural gas business.

2The company reported Q2 2026 adjusted EPS of $0.40, beating the $0.37 consensus.

3Morgan Stanley lowered its price target for the stock despite the company reaffirming its full-year guidance.

CenterPoint Energy completed the $2.62 billion sale of its Ohio natural gas business, according to Ad Hoc News. The company reported adjusted earnings per share of $0.40 for the second quarter of 2026, surpassing the consensus estimate of $0.37. In its official statement, the utility provider reaffirmed its full-year 2026 adjusted EPS guidance range of $1.89 to $1.91.

CNP closed at $37.79 on October 2, 2026, rising 1.56% from the previous session. Despite the earnings beat and reaffirmed guidance, Morgan Stanley lowered its price target for the stock to $38 from $39. In related market activity, MS closed at $190.31 on October 2, 2026, while peer financial instrument JPM closed at $332.38 on the same date.