Leeward Investments LLC MA reduced its position in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 233,739 shares of the utilities provider’s stock after selling 13,320 shares during the period. Leeward Investments LLC MA’s holdings in CenterPoint Energy were worth $8,962,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Zacks Investment Management lifted its position in CenterPoint Energy by 0.8% during the third 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 last quarter. Salomon & Ludwin LLC lifted its position in CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 308 shares during the last quarter. Horizon Investments LLC lifted its position in CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 326 shares during the last quarter. Parallel Advisors LLC lifted its position in CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 333 shares during the last quarter. Finally, LRI Investments LLC lifted its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CNP. Wells Fargo & Company restated an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research report on Monday, February 23rd. Jefferies Financial Group raised their price objective on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Finally, Morgan Stanley restated an “underperform” rating and set a $37.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.69.
CenterPoint Energy Stock Up 0.8%
Shares of CNP opened at $42.50 on Friday. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $44.47. The firm’s 50 day moving average is $42.97 and its 200-day moving average is $40.77. The stock has a market capitalization of $27.80 billion, a PE ratio of 26.07, a P/E/G ratio of 2.50 and a beta of 0.48. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96.
CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.
CenterPoint Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.
CenterPoint Energy 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.
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