Fifth Third Bancorp Buys 112,792 Shares of CenterPoint Energy, Inc. $CNP

Fifth Third Bancorp boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 525.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,258 shares of the utilities provider’s stock after purchasing an additional 112,792 shares during the period. Fifth Third Bancorp’s holdings in CenterPoint Energy were worth $5,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after buying an additional 235 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares during the period. DV Equities LLC bought a new position in shares of CenterPoint Energy during the 4th quarter worth $35,000. Finally, Rexford Capital Inc. purchased a new stake in CenterPoint Energy in the 1st quarter worth about $39,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BTIG Research initiated coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Bank of America increased their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research note on Monday, May 4th. BMO Capital Markets boosted their price target on shares of CenterPoint Energy from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.31.

CenterPoint Energy Stock Performance

NYSE CNP opened at $43.29 on Friday. The company’s 50 day simple moving average is $42.98 and its two-hundred day simple moving average is $42.11. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a 1 year low of $35.94 and a 1 year high of $45.22. The stock has a market capitalization of $28.32 billion, a PE ratio of 26.56, a P/E/G ratio of 2.53 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

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.