Korea Investment CORP Takes Position in CenterPoint Energy, Inc. $CNP

Korea Investment CORP bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 183,646 shares of the utilities provider’s stock, valued at approximately $8,088,000.

A number of other hedge funds have also recently added to or reduced their stakes in CNP. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of CenterPoint Energy during the second quarter worth approximately $27,000. Rothschild Investment LLC increased its holdings 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 acquiring an additional 457 shares during the period. Finally, DV Equities LLC acquired a new position in shares of CenterPoint Energy in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

CNP has been the subject of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. KeyCorp reduced their price objective 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. Morgan Stanley decreased their price objective on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

CenterPoint Energy Stock Up 0.8%

CNP stock opened at $39.09 on Tuesday. The stock has a market capitalization of $25.75 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The company has a fifty day moving average of $42.61 and a 200-day moving average of $42.62. 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 one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the previous year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

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

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.