Magellan Asset Management Ltd boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 553,939 shares of the utilities provider’s stock after buying an additional 28,790 shares during the quarter. Magellan Asset Management Ltd owned approximately 0.08% of CenterPoint Energy worth $21,238,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. grew its position in CenterPoint Energy by 15.4% during the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after buying an additional 962,910 shares during the period. Nordea Investment Management AB grew its position in CenterPoint Energy by 14.3% during the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after buying an additional 65,440 shares during the period. Ethos Capital Management Inc. bought a new position in CenterPoint Energy during the fourth quarter valued at about $1,356,000. Fox Run Management L.L.C. bought a new position in CenterPoint Energy during the third quarter valued at about $949,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in CenterPoint Energy during the third quarter valued at about $2,466,000. Institutional investors own 91.77% of the company’s stock.
Analysts Set New Price Targets
CNP has been the subject of a number of research reports. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 target price on shares of CenterPoint Energy in a research report on Tuesday, April 21st. 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. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, KeyCorp increased their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.62.
CenterPoint Energy Price Performance
Shares of NYSE:CNP opened at $41.85 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $27.37 billion, a PE ratio of 25.67, a P/E/G ratio of 2.46 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a 50-day moving average price of $42.68 and a two-hundred day moving average price of $41.09.
CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (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 firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.
CenterPoint Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio 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.
Featured Stories
- Five stocks we like better than CenterPoint Energy
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.
