Danske Bank A S Purchases New Holdings in CenterPoint Energy, Inc. $CNP

Danske Bank A S acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,296,998 shares of the utilities provider’s stock, valued at approximately $57,120,000.

Several other large investors have also recently bought and sold shares of CNP. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares during the period. MidFirst Bank bought a new position in CenterPoint Energy in the second quarter valued at about $38,000. Finally, Rexford Capital Inc. acquired a new stake in CenterPoint Energy in the first quarter worth about $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.1%

NYSE:CNP opened at $40.59 on Wednesday. CenterPoint Energy, Inc. has a 1-year low of $36.60 and a 1-year high of $45.26. The business’s 50-day moving average price is $42.86 and its two-hundred day moving average price is $42.62. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $26.73 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.42 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is 54.12%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNP shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. KeyCorp dropped their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 22nd. Finally, BTIG Research initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $45.43.

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.