Marks Group Wealth Management Inc Buys Shares of 51,396 CenterPoint Energy, Inc. $CNP

Marks Group Wealth Management Inc bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, Holdings Channel.com reports. The fund bought 51,396 shares of the utilities provider’s stock, valued at approximately $1,971,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New Age Alpha Advisors LLC bought a new position in shares of CenterPoint Energy in the fourth quarter worth $25,000. Rothschild Investment LLC increased its holdings in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the period. Olistico Wealth LLC bought a new position in shares of CenterPoint Energy in the fourth quarter worth $41,000. University of Illinois Foundation bought a new position in shares of CenterPoint Energy in the third quarter worth $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of CenterPoint Energy by 66.7% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 500 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

NYSE CNP opened at $42.41 on Wednesday. The company has a 50-day simple moving average of $42.68 and a two-hundred day simple moving average of $41.14. 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 12-month low of $35.46 and a 12-month high of $44.47. The firm has a market cap of $27.75 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.48 and a beta of 0.46.

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

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders 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 is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is currently 56.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNP shares. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a report on Monday, February 23rd. Barclays upped their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Bank of America upped their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, KeyCorp upped their price target on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Eight investment 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, CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $44.62.

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.