CenterPoint Energy, Inc. $CNP Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,574,564 shares of the utilities provider’s stock after acquiring an additional 413,363 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CenterPoint Energy were worth $157,424,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of CenterPoint Energy by 49.6% during 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 period. Focus Financial Network Inc. boosted its holdings in CenterPoint Energy by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 239 shares during the period. Zacks Investment Management boosted its holdings in CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after acquiring an additional 256 shares during the period. CX Institutional grew its position in CenterPoint Energy by 3.7% in the second quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 275 shares in the last quarter. Finally, Horizon Investments LLC grew its position in CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BTIG Research assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. BMO Capital Markets lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. KeyCorp dropped their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wolfe Research reissued an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, CenterPoint Energy has a consensus rating of “Moderate Buy” and an average target price of $45.36.

View Our Latest Research Report on CenterPoint Energy

CenterPoint Energy Price Performance

CNP stock opened at $39.43 on Wednesday. The stock’s 50 day moving average is $42.17 and its two-hundred day moving average is $42.58. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26. The company has a market capitalization of $25.97 billion, a PE ratio of 23.19, a P/E/G ratio of 2.62 and a beta of 0.46. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNPGet Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating 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 company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business 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 a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. CenterPoint Energy’s payout ratio is currently 56.47%.

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.

See Also

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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