Geode Capital Management LLC boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,023,720 shares of the utilities provider’s stock after acquiring an additional 166,305 shares during the period. Geode Capital Management LLC’s holdings in CenterPoint Energy were worth $650,189,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy during the fourth quarter worth approximately $25,000. LRI Investments LLC raised its stake 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 purchasing an additional 355 shares during the period. Atlantic Union Bankshares Corp purchased a new position in CenterPoint Energy during the third quarter worth approximately $30,000. Olistico Wealth LLC purchased a new position in CenterPoint Energy during the fourth quarter worth approximately $41,000. Finally, University of Illinois Foundation purchased a new position in CenterPoint Energy during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CNP. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Barclays increased their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Jefferies Financial Group increased their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eight 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.62.
CenterPoint Energy Stock Performance
Shares of CNP stock opened at $42.25 on Friday. The company’s fifty day simple moving average is $42.73 and its 200-day simple moving average is $41.03. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company has a market cap of $27.64 billion, a PE ratio of 25.92, a P/E/G ratio of 2.51 and a beta of 0.48.
CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.
CenterPoint Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.
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.
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