Capital International Inc. CA Raises Stock Position in CenterPoint Energy, Inc. $CNP

Capital International Inc. CA boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 17.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 429,772 shares of the utilities provider’s stock after acquiring an additional 64,920 shares during the period. Capital International Inc. CA’s holdings in CenterPoint Energy were worth $16,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in CenterPoint Energy during the 2nd quarter worth $313,456,000. Marshall Wace LLP grew its holdings in shares of CenterPoint Energy by 3,842.1% during the second quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider’s stock worth $59,135,000 after buying an additional 1,568,714 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CenterPoint Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 81,362,433 shares of the utilities provider’s stock valued at $2,989,256,000 after buying an additional 1,301,374 shares during the last quarter. Reaves W H & Co. Inc. lifted its stake in shares of CenterPoint Energy by 15.4% in the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after buying an additional 962,910 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of CenterPoint Energy in the third quarter worth about $35,993,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Down 0.8%

CenterPoint Energy stock opened at $43.13 on Wednesday. CenterPoint Energy, Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $44.04. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a 50 day moving average price of $40.67 and a 200 day moving average price of $39.40. The company has a market capitalization of $28.22 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58.

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

CenterPoint Energy Increases Dividend

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

Analysts Set New Price Targets

CNP has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. BMO Capital Markets raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their target price on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, KeyCorp increased their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.55.

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.