Royal Bank of Canada Cuts Stock Position in CenterPoint Energy, Inc. $CNP

Posted by Stanley Muller on Aug 6th, 2026

Royal Bank of Canada cut its holdings in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 5.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 536,805 shares of the utilities provider’s stock after selling 32,735 shares during the period. Royal Bank of Canada’s holdings in CenterPoint Energy were worth $23,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in CenterPoint Energy during the fourth quarter valued at approximately $343,925,000. T. Rowe Price Investment Management Inc. raised its holdings in CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. UBS Group AG lifted its position in CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after buying an additional 1,728,865 shares during the last quarter. Jennison Associates LLC lifted its position in CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after buying an additional 1,256,993 shares during the last quarter. Finally, Merewether Investment Management LP boosted its stake in CenterPoint Energy by 85.5% during the third quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock worth $96,748,000 after buying an additional 1,149,637 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 2.2%

CenterPoint Energy stock opened at $40.68 on Thursday. 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 firm has a market cap of $26.80 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.46 and a beta of 0.46. The business has a fifty day moving average of $43.13 and a two-hundred day moving average of $42.56. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26.

CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the previous year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, analysts forecast 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. Shareholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is presently 54.12%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNP. KeyCorp lowered their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Barclays raised their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. BTIG Research initiated coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine equities research 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.57.

Read Our Latest Stock Analysis on CenterPoint Energy

CenterPoint Energy Profile

(Free Report)

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.