Intech Investment Management LLC Sells 349,042 Shares of CenterPoint Energy, Inc. $CNP

Intech Investment Management LLC decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 61.1% in the 4th quarter, Holdings Channel reports. The fund owned 222,123 shares of the utilities provider’s stock after selling 349,042 shares during the quarter. Intech Investment Management LLC’s holdings in CenterPoint Energy were worth $8,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors grew its stake in shares of CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after acquiring an additional 833,374 shares during the period. Vanguard Group Inc. grew its stake in shares of CenterPoint Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after acquiring an additional 719,803 shares during the period. Geode Capital Management LLC boosted its stake in CenterPoint Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after purchasing an additional 166,305 shares during the period. Jennison Associates LLC boosted its stake in CenterPoint Energy by 19.4% in the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after purchasing an additional 1,256,993 shares during the period. Finally, UBS Group AG boosted its stake in CenterPoint Energy by 31.3% in the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after purchasing an additional 1,728,865 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. KeyCorp raised their target price on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Evercore set a $45.00 price objective on shares of CenterPoint Energy in a research note on Monday, May 4th. Finally, Barclays boosted their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $42.25 on Friday. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.50 and a beta of 0.48. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The stock’s 50-day moving average is $42.73 and its 200 day moving average is $41.03.

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

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

CenterPoint Energy Company 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.