CenterPoint Energy, Inc. $CNP Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,978,039 shares of the utilities provider’s stock after selling 96,414 shares during the period. Legal & General Group Plc owned 0.92% of CenterPoint Energy worth $229,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of CenterPoint Energy during the 3rd quarter worth about $25,000. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth about $25,000. LRI Investments LLC raised its position in shares of CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of CenterPoint Energy during the 3rd quarter worth about $30,000. Finally, Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.3%

NYSE:CNP opened at $43.06 on Thursday. The stock’s 50 day moving average price is $42.78 and its 200 day moving average price is $41.00. The company has a market capitalization of $28.17 billion, a PE ratio of 26.42, a P/E/G ratio of 2.55 and a beta of 0.48. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Analyst Ratings Changes

CNP has been the topic of several research analyst reports. Mizuho set a $44.00 target price on CenterPoint Energy in a research report on Monday, February 23rd. Wells Fargo & Company restated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Evercore set a $45.00 price target on CenterPoint Energy in a research note on Monday, May 4th. Bank of America raised their price target on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Barclays raised their price target on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.62.

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.