Quantum Portfolio Management LLC Sells 12,209 Shares of CenterPoint Energy, Inc. $CNP

Quantum Portfolio Management LLC trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 49.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,478 shares of the utilities provider’s stock after selling 12,209 shares during the period. Quantum Portfolio Management LLC’s holdings in CenterPoint Energy were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CNP. Caitong International Asset Management Co. Ltd raised its stake in shares of CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the last quarter. Zacks Investment Management boosted its position in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after buying an additional 256 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in CenterPoint Energy by 16.1% in the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after buying an additional 308 shares in the last quarter. Horizon Investments LLC increased its holdings in CenterPoint Energy by 3.2% in the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after buying an additional 326 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in CenterPoint Energy by 6.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after buying an additional 333 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Barclays lifted their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Bank of America increased their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Stock Down 1.0%

CenterPoint Energy stock opened at $44.02 on Thursday. The stock has a market cap of $28.80 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. CenterPoint Energy, Inc. has a one year low of $35.58 and a one year high of $45.22. The stock has a fifty day moving average of $42.92 and a 200 day moving average of $41.88.

CenterPoint Energy (NYSE:CNP) last announced its 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). The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the previous year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 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.