CenterPoint Energy, Inc. $CNP Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,916,000 shares of the utilities provider’s stock after purchasing an additional 127,000 shares during the quarter. Swiss National Bank’s holdings in CenterPoint Energy were worth $82,695,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CNP. Caitong International Asset Management Co. Ltd grew its position in CenterPoint Energy by 49.6% in 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. Zacks Investment Management raised its position in CenterPoint Energy by 0.8% during the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 256 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of 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 acquiring an additional 308 shares during the period. Horizon Investments LLC lifted its stake in shares of 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 acquiring an additional 326 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 333 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. BMO Capital Markets raised their price objective on shares of CenterPoint Energy from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Barclays boosted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, BTIG Research began coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $45.31.

CenterPoint Energy Stock Performance

Shares of CNP opened at $42.73 on Wednesday. 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 $36.59 and a 52-week high of $45.22. The company has a 50-day simple moving average of $43.03 and a 200-day simple moving average of $42.20. The company has a market capitalization of $27.95 billion, a PE ratio of 26.21, a P/E/G ratio of 2.55 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 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 company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.24 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio 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.