Elevation Point Wealth Partners LLC Invests $1.65 Million in CenterPoint Energy, Inc. $CNP

Posted by Brian Himes on Aug 24th, 2026

Elevation Point Wealth Partners LLC acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 37,382 shares of the utilities provider’s stock, valued at approximately $1,646,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy in the 2nd quarter worth $27,000. Rothschild Investment LLC increased its holdings in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the period. Finally, DV Equities LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $35,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.1%

Shares of CNP opened at $38.81 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46. The stock has a fifty day moving average price of $42.69 and a two-hundred day moving average price of $42.63. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26.

CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period last year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.47%.

Analysts Set New Price Targets

CNP has been the topic of a number of recent research reports. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BMO Capital Markets lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.36.

Check Out Our Latest Stock Report 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.