Miller Howard Investments Inc. NY Buys 20,893 Shares of CenterPoint Energy, Inc. $CNP

Miller Howard Investments Inc. NY grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,415 shares of the utilities provider’s stock after acquiring an additional 20,893 shares during the period. Miller Howard Investments Inc. NY’s holdings in CenterPoint Energy were worth $12,208,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CNP. Root Financial Partners LLC bought a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $26,000. LRI Investments LLC grew its holdings in shares of CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 355 shares in the last quarter. First Horizon Corp bought a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $30,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.1%

Shares of CNP stock opened at $43.03 on Monday. The firm has a 50 day moving average price of $42.91 and a two-hundred day moving average price of $40.40. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $28.15 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $44.47.

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

CenterPoint Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNP shares. KeyCorp raised their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a research note on Monday, February 23rd. Wells Fargo & Company raised their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Jefferies Financial Group raised their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.75.

About CenterPoint Energy

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.