29,400 CenterPoint Energy, Inc. $CNP Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,785,648 shares of the utilities provider’s stock after acquiring an additional 29,400 shares during the quarter. Artemis Investment Management LLP’s holdings in CenterPoint Energy were worth $102,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new position in shares of CenterPoint Energy in the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. MidFirst Bank bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at approximately $38,000. Rexford Capital Inc. acquired a new position in CenterPoint Energy during the 1st quarter worth approximately $39,000. Finally, Transamerica Financial Advisors LLC acquired a new position in CenterPoint Energy during the 2nd quarter worth approximately $40,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.3%

NYSE CNP traded down $0.10 on Thursday, hitting $38.42. The company’s stock had a trading volume of 1,812,646 shares, compared to its average volume of 5,823,831. The company’s 50-day moving average is $39.27 and its 200 day moving average is $41.69. The firm has a market cap of $25.31 billion, a PE ratio of 22.59, a PEG ratio of 2.55 and a beta of 0.47. CenterPoint Energy, Inc. has a 1-year low of $36.37 and a 1-year high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company 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 quarter in the previous year, the business earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Evercore set a $43.00 price target on shares of CenterPoint Energy in a report on Monday, August 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Friday, September 11th. Truist Financial cut their price objective on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.93.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.