CenterPoint Energy, Inc. $CNP Holdings Boosted by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,666,518 shares of the utilities provider’s stock after buying an additional 446,252 shares during the quarter. CenterPoint Energy makes up approximately 5.1% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 4th biggest holding. Reaves W H & Co. Inc. owned about 1.17% of CenterPoint Energy worth $293,934,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Capital International Investors increased its holdings in CenterPoint Energy by 1.0% during the third quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock valued at $3,381,069,000 after buying an additional 833,374 shares during the period. Vanguard Group Inc. increased its holdings in CenterPoint Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock valued at $3,158,492,000 after buying an additional 719,803 shares during the period. Geode Capital Management LLC increased its holdings in CenterPoint Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after buying an additional 166,305 shares during the period. Norges Bank purchased a new position in CenterPoint Energy during the fourth quarter valued at approximately $343,925,000. Finally, Jennison Associates LLC increased its holdings in CenterPoint Energy by 19.4% during the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after buying an additional 1,256,993 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

Shares of CNP opened at $42.25 on Monday. The company has a market cap of $27.64 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.51 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The company has a 50 day moving average of $42.73 and a two-hundred day moving average of $41.04.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy’s payout ratio is presently 56.44%.

Wall Street Analysts Forecast Growth

CNP has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research note on Monday, May 4th. Bank of America raised their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.62.

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.