CenterPoint Energy, Inc. $CNP Position Trimmed by Cohen & Steers Inc.

Cohen & Steers Inc. decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,791,932 shares of the utilities provider’s stock after selling 1,003,855 shares during the period. Cohen & Steers Inc. owned about 0.58% of CenterPoint Energy worth $145,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at $25,000. Rothschild Investment LLC lifted 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 worth $28,000 after purchasing an additional 457 shares during the period. Olistico Wealth LLC acquired a new stake in CenterPoint Energy in the fourth quarter worth about $41,000. University of Illinois Foundation acquired a new stake in CenterPoint Energy in the third quarter worth about $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in CenterPoint Energy by 66.7% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $42.85 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company’s 50-day moving average price is $42.66 and its two-hundred day moving average price is $41.20. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The stock has a market cap of $28.03 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last issued 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). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a $0.23 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s payout ratio is 56.44%.

Wall Street Analyst Weigh In

CNP has been the subject of several research analyst reports. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a report on Monday, February 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price objective 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. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Barclays upped their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.