Xponance Inc. Sells 13,107 Shares of CenterPoint Energy, Inc. $CNP

Xponance Inc. decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,007 shares of the utilities provider’s stock after selling 13,107 shares during the period. Xponance Inc.’s holdings in CenterPoint Energy were worth $4,035,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of CenterPoint Energy in the third quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in CenterPoint Energy in the third quarter worth $26,000. LRI Investments LLC boosted its position in CenterPoint Energy by 107.9% in 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 last quarter. First Horizon Corp bought a new position in CenterPoint Energy in the 3rd quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of CenterPoint Energy during the 3rd quarter valued at $30,000. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CNP shares. Wells Fargo & Company boosted their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research report on Monday, February 23rd. BMO Capital Markets raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Tuesday, January 13th. Barclays lowered their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, KeyCorp raised CenterPoint Energy from a “sector weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a report on Friday, December 12th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.00.

CenterPoint Energy Stock Performance

NYSE CNP opened at $43.47 on Monday. The firm has a market cap of $28.38 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. 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’s 50 day moving average is $39.93 and its 200-day moving average is $39.14. CenterPoint Energy, Inc. has a 12-month low of $33.24 and a 12-month high of $43.58.

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

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.23 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. CenterPoint Energy’s payout ratio is currently 57.50%.

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.