Janney Montgomery Scott LLC Grows Position in CenterPoint Energy, Inc. $CNP

Janney Montgomery Scott LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 35.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 91,871 shares of the utilities provider’s stock after acquiring an additional 23,893 shares during the period. Janney Montgomery Scott LLC’s holdings in CenterPoint Energy were worth $3,965,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares during the period. Rothschild Investment LLC lifted its stake in shares of CenterPoint Energy by 165.0% in the 4th 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 period. DV Equities LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $35,000. Finally, Olistico Wealth LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $41,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNP. Barclays boosted their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Bank of America boosted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. BTIG Research started coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Finally, Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Price Performance

Shares of CNP stock traded up $0.77 during trading hours on Tuesday, hitting $44.77. The company’s stock had a trading volume of 274,767 shares, compared to its average volume of 5,491,173. 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 business has a fifty day moving average of $42.85 and a 200-day moving average of $41.79. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 2.64 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $45.22.

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 analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is presently 56.44%.

About CenterPoint Energy

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.