Y Intercept Hong Kong Ltd Buys New Position in CenterPoint Energy, Inc. $CNP

Y Intercept Hong Kong Ltd bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 62,997 shares of the utilities provider’s stock, valued at approximately $2,719,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC grew its position in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares in the last quarter. DV Equities LLC purchased a new position in CenterPoint Energy in the fourth quarter worth $35,000. Finally, Rexford Capital Inc. bought a new position in CenterPoint Energy in the first quarter valued at $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $44.57 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $45.22. The business’s 50 day simple moving average is $42.89 and its two-hundred day simple moving average is $41.84. The stock has a market capitalization of $29.16 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46.

CenterPoint Energy (NYSE:CNPGet Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (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 firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a $0.23 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is presently 56.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CNP shares. JPMorgan Chase & Co. lowered their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Evercore set a $45.00 price objective on CenterPoint Energy in a report on Monday, May 4th. BTIG Research began coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating for the company. Finally, Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.69.

Check Out Our Latest Analysis on CenterPoint Energy

CenterPoint Energy Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNPFree Report).

Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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.