CenterPoint Energy, Inc. $CNP Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,811,242 shares of the utilities provider’s stock after buying an additional 82,862 shares during the period. CenterPoint Energy accounts for approximately 1.7% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 13th biggest holding. Duff & Phelps Investment Management Co.’s holdings in CenterPoint Energy were worth $146,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors lifted its holdings in CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after buying an additional 833,374 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CenterPoint Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock valued at $3,168,459,000 after acquiring an additional 298,892 shares in the last quarter. Reaves W H & Co. Inc. raised its position in shares of CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after acquiring an additional 962,910 shares in the last quarter. American Century Companies Inc. lifted its stake in CenterPoint Energy by 10.2% during the third quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after purchasing an additional 568,130 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in CenterPoint Energy by 1.8% during the third quarter. Legal & General Group Plc now owns 6,074,453 shares of the utilities provider’s stock worth $235,689,000 after purchasing an additional 107,737 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

CNP opened at $43.22 on Friday. The business has a 50 day moving average price of $42.85 and a two-hundred day moving average price of $40.34. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. The company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same period in the prior year, the firm posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s payout ratio is 57.50%.

Analysts Set New Price Targets

Several research firms have weighed in on CNP. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. KeyCorp raised their price target 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. Jefferies Financial Group lifted their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.75.

CenterPoint Energy Company 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.