Pictet Asset Management Holding SA Decreases Stock Holdings in CenterPoint Energy, Inc. $CNP

Pictet Asset Management Holding SA reduced its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,910,848 shares of the utilities provider’s stock after selling 888,908 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CenterPoint Energy were worth $298,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its position in CenterPoint Energy by 14.3% during the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after buying an additional 65,440 shares during the period. Ethos Capital Management Inc. bought a new stake in CenterPoint Energy in the fourth quarter worth about $1,356,000. Dynamic Technology Lab Private Ltd bought a new stake in CenterPoint Energy in the third quarter worth about $2,466,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CenterPoint Energy by 6.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,801 shares of the utilities provider’s stock valued at $50,471,000 after acquiring an additional 75,368 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CenterPoint Energy by 18.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock valued at $17,173,000 after acquiring an additional 69,700 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CNP shares. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research report on Monday, May 4th. Truist Financial dropped their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Bank of America increased their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Finally, Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $44.96 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $29.41 billion, a PE ratio of 27.58, a P/E/G ratio of 2.67 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $45.08. The company has a 50-day moving average price of $42.67 and a two-hundred day moving average price of $41.49.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share 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 analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s payout ratio is currently 56.44%.

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.