CenterPoint Energy, Inc. $CNP Stake Increased by Capital International Investors

Capital International Investors lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,129,628 shares of the utilities provider’s stock after buying an additional 833,374 shares during the period. Capital International Investors owned about 0.13% of CenterPoint Energy worth $3,381,069,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNP. Mather Group LLC. lifted its stake in CenterPoint Energy by 2.1% in the 3rd quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after acquiring an additional 264 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of CenterPoint Energy by 9.0% in the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 309 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 333 shares during the period. Riverbend Wealth Management LLC grew its position in CenterPoint Energy by 5.9% during the third quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 341 shares in the last quarter. Finally, LRI Investments LLC grew its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

CNP stock opened at $43.49 on Tuesday. The firm has a 50 day moving average of $40.58 and a two-hundred day moving average of $39.37. CenterPoint Energy, Inc. has a 12 month low of $34.10 and a 12 month high of $44.04. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.58 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same period in the previous year, the firm posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be given a $0.23 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, February 19th. CenterPoint Energy’s payout ratio is presently 57.50%.

Analyst Ratings Changes

A number of brokerages have issued reports on CNP. Morgan Stanley reissued an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Wells Fargo & Company upped their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.55.

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.