GQG Partners LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

GQG Partners LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,009,382 shares of the utilities provider’s stock, valued at approximately $176,574,000. GQG Partners LLC owned approximately 0.61% of CenterPoint Energy at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CNP. Deutsche Bank AG bought a new position in CenterPoint Energy during the 2nd quarter worth $770,871,000. Norges Bank bought a new position in shares of CenterPoint Energy in the fourth quarter worth $343,925,000. T. Rowe Price Investment Management Inc. increased its position in shares of CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. Bank of New York Mellon Corp acquired a new position in CenterPoint Energy in the second quarter valued at about $163,893,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in CenterPoint Energy during the second quarter worth about $106,171,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

NYSE CNP opened at $38.81 on Friday. The firm’s fifty day moving average price is $42.69 and its two-hundred day moving average price is $42.61. The stock has a market cap of $25.56 billion, a PE ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.24 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is currently 56.47%.

Wall Street Analyst Weigh In

CNP has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. KeyCorp cut their target price on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. BMO Capital Markets reduced their target price on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley lowered their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Truist Financial dropped their price objective on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

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.