CenterPoint Energy, Inc. $CNP Shares Acquired by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 6.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,666,518 shares of the utilities provider’s stock after purchasing an additional 446,252 shares during the quarter. CenterPoint Energy accounts for approximately 5.1% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 4th biggest holding. Reaves W H & Co. Inc.’s holdings in CenterPoint Energy were worth $293,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CNP. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth $25,000. LRI Investments LLC lifted its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the period. Rothschild Investment LLC boosted its holdings in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in CenterPoint Energy in the third quarter valued at $30,000. Finally, Olistico Wealth LLC purchased a new stake in CenterPoint Energy in the fourth quarter valued at $41,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Down 0.0%

CNP opened at $42.25 on Monday. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The company has a fifty day moving average of $42.73 and a two-hundred day moving average of $41.04. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.51 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s payout ratio is presently 56.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CNP shares. Truist Financial lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a report on Monday, February 23rd. Barclays upped their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, KeyCorp upped their price target on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $44.62.

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.