Tidal Investments LLC Raises Holdings in CenterPoint Energy, Inc. $CNP

Tidal Investments LLC boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 448.5% in the 2nd quarter, Holdings Channel reports. The firm owned 130,375 shares of the utilities provider’s stock after acquiring an additional 106,605 shares during the quarter. Tidal Investments LLC’s holdings in CenterPoint Energy were worth $5,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of CenterPoint Energy by 4,309.9% in the second quarter. California State Teachers Retirement System now owns 33,404,472 shares of the utilities provider’s stock valued at $1,471,133,000 after buying an additional 32,646,983 shares during the last quarter. Deutsche Bank AG acquired a new position in CenterPoint Energy during the second quarter worth about $770,871,000. Norges Bank acquired a new position in CenterPoint Energy during the fourth quarter worth about $343,925,000. Bank of America Corp DE purchased a new stake in CenterPoint Energy during the 2nd quarter valued at about $332,753,000. Finally, T. Rowe Price Investment Management Inc. grew its stake in CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after acquiring an additional 6,794,535 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $39.14 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The firm has a market capitalization of $25.78 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.59 and a beta of 0.46. The company’s 50-day moving average is $41.41 and its two-hundred day moving average is $42.42. CenterPoint Energy, Inc. has a 1-year low of $37.22 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the prior year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast 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 was paid on Thursday, September 10th. Investors of record on Thursday, August 20th were given a $0.24 dividend. The ex-dividend date was Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.5%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.47%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. KeyCorp dropped their price target on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Evercore set a $43.00 price target on CenterPoint Energy in a report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered their price objective on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.36.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.