Neo Ivy Capital Management Buys Shares of 15,462 CenterPoint Energy, Inc. $CNP

Neo Ivy Capital Management bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the third quarter, Holdings Channel.com reports. The institutional investor bought 15,462 shares of the utilities provider’s stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in CenterPoint Energy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock worth $3,168,459,000 after acquiring an additional 298,892 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CenterPoint Energy by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 16,710,081 shares of the utilities provider’s stock valued at $611,377,000 after purchasing an additional 652,202 shares during the period. Norges Bank acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $313,456,000. Reaves W H & Co. Inc. increased its holdings in shares of CenterPoint Energy by 15.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of CenterPoint Energy by 10.2% in the third quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after purchasing an additional 568,130 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.6%

Shares of NYSE CNP opened at $43.66 on Friday. The stock has a market cap of $28.56 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.58 and a beta of 0.58. The business has a 50 day simple moving average of $40.48 and a 200 day simple moving average of $39.32. CenterPoint Energy, Inc. has a 52 week low of $33.28 and a 52 week high of $44.04. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter in the prior year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.23 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 57.50%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNP. KeyCorp raised their price target on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Barclays lowered their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.55.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.