Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,637 shares of the utilities provider’s stock after buying an additional 19,372 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CenterPoint Energy were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG acquired a new position in shares of CenterPoint Energy during the 2nd quarter valued at about $770,871,000. Bank of America Corp DE purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth about $332,753,000. Legal & General Group Plc purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth about $250,273,000. GQG Partners LLC acquired a new stake in shares of CenterPoint Energy in the second quarter worth approximately $176,574,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CenterPoint Energy in the second quarter worth approximately $163,893,000. 91.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CNP has been the subject of several research analyst reports. Citigroup dropped their price target on shares of CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Friday, September 11th. BMO Capital Markets decreased their price target on shares of CenterPoint Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday. Wolfe Research reissued an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.28.
Read Our Latest Analysis on CenterPoint Energy
CenterPoint Energy Stock Up 2.2%
Shares of NYSE CNP opened at $41.21 on Friday. The stock has a fifty day moving average price of $38.99 and a 200 day moving average price of $41.46. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy, Inc. has a 12-month low of $36.37 and a 12-month high of $45.26. The company has a market cap of $27.15 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.67 and a beta of 0.47.
CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.
CenterPoint Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.
CenterPoint Energy Profile
CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.
The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.
Featured Articles
- Five stocks we like better than CenterPoint Energy
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
