Capital International Investors Trims Stock Position in CenterPoint Energy, Inc. $CNP

Capital International Investors cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,030,252 shares of the utilities provider’s stock after selling 1,099,376 shares during the period. Capital International Investors owned about 0.13% of CenterPoint Energy worth $3,298,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNP. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy in the fourth quarter valued at $25,000. Rothschild Investment LLC raised its holdings in shares of 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 buying an additional 457 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of CenterPoint Energy in the third quarter valued at about $30,000. Olistico Wealth LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $41,000. Finally, University of Illinois Foundation purchased a new stake in shares of CenterPoint Energy in the third quarter valued at about $46,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Up 2.1%

Shares of CNP opened at $42.71 on Friday. The firm’s 50-day moving average is $42.69 and its two-hundred day moving average is $41.10. The firm has a market capitalization of $27.94 billion, a P/E ratio of 26.20, a PEG ratio of 2.53 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96.

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

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.23 per share. 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 dividend payout ratio (DPR) is currently 56.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNP. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a report on Monday, February 23rd. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Truist Financial reduced their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Company 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.