Argus says that CenterPoint is "seeing some stabilization" in total kilowatt-hour sales,while the company's fundamentals are still strong. The firm does not expect the company's annual sales growth to rebound to 1%-1.1% before at least 2016, but it thinks the weakness in the shares has created an attractive entry point. Argus reiterates a Buy rating on the shares.

Scotiabank analyst Andrew Weisel lowered the firm's price target on CenterPoint Energy to $29 from $31 and keeps a Sector Perform rating on the shares. Interest rates remain stubbornly high, which has weighed on the sector's valuation, the analyst tells investors. The firm views both Canadian and North American utility stocks as undervalued but sees upside for Canadian utility stocks following their steady underperformance compared to its U.S. peers. Fundamentally, Scotiabank remains bullish on the group's long-term earnings outlook given the tailwinds driving its strong rate base growth.