Raiffeisen Bank International AG Boosts Stock Position in CenterPoint Energy, Inc. $CNP

Raiffeisen Bank International AG increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 121.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,690 shares of the utilities provider’s stock after buying an additional 18,454 shares during the period. Raiffeisen Bank International AG’s holdings in CenterPoint Energy were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after buying an additional 6,794,535 shares in the last quarter. Capital Research Global Investors raised its position in CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after purchasing an additional 235,346 shares during the period. Deutsche Bank AG acquired a new position in CenterPoint Energy in the second quarter valued at about $770,871,000. Geode Capital Management LLC lifted its holdings in shares of CenterPoint Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after acquiring an additional 166,305 shares during the last quarter. Finally, Norges Bank acquired a new position in CenterPoint Energy during the fourth quarter worth $343,925,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. BMO Capital Markets cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. BTIG Research initiated coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley reduced their target price on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $39.63 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $37.13 and a fifty-two week high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The stock has a market cap of $26.11 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. The firm’s fifty day simple moving average is $41.89 and its 200-day simple moving average is $42.52.

CenterPoint Energy (NYSE:CNP) last released its quarterly 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. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s payout ratio is presently 56.47%.

About CenterPoint Energy

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.