15,462 Shares in CenterPoint Energy, Inc. $CNP Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,462 shares of the utilities provider’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNP. Mather Group LLC. grew its holdings in CenterPoint Energy by 2.1% during the third quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after acquiring an additional 264 shares during the period. Global Retirement Partners LLC raised its position in CenterPoint Energy by 9.0% in the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 309 shares in the last quarter. Riverbend Wealth Management LLC lifted its holdings in CenterPoint Energy by 5.9% in the 3rd quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 341 shares during the last quarter. LRI Investments LLC lifted its holdings in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 355 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its position in shares of CenterPoint Energy by 5.2% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 8,138 shares of the utilities provider’s stock valued at $299,000 after purchasing an additional 402 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

NYSE CNP opened at $43.66 on Friday. The stock’s 50-day moving average price is $40.48 and its two-hundred day moving average price is $39.32. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $28.56 billion, a PE ratio of 27.29, a PEG ratio of 2.58 and a beta of 0.58. CenterPoint Energy, Inc. has a 1 year low of $33.28 and a 1 year high of $44.04.

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

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a $0.23 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is currently 57.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Barclays cut their target price on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley reaffirmed an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.55.

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.