Saudi Central Bank Buys 21,603 Shares of CenterPoint Energy, Inc. $CNP

Saudi Central Bank boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 89.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,701 shares of the utilities provider’s stock after buying an additional 21,603 shares during the quarter. Saudi Central Bank’s holdings in CenterPoint Energy were worth $2,013,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after buying an additional 235 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $27,000. Rothschild Investment LLC grew its stake in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of CenterPoint Energy in the fourth quarter valued at $35,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNP has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. BMO Capital Markets cut their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Truist Financial decreased their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research note on Thursday, June 18th. Finally, Evercore set a $43.00 target price on shares of CenterPoint Energy in a report on Monday, August 17th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

CenterPoint Energy Stock Down 0.1%

CNP stock opened at $39.63 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $26.11 billion, a PE ratio of 23.31, a PEG ratio of 2.62 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $37.13 and a 1-year high of $45.26. The business’s 50 day simple moving average is $41.79 and its 200 day simple moving average is $42.50.

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

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. CenterPoint Energy’s payout ratio is currently 56.47%.

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.