Sterling Capital Management LLC Trims Holdings in CenterPoint Energy, Inc. $CNP

Sterling Capital Management LLC lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 41.8% in the first quarter, Holdings Channel reports. The institutional investor owned 23,492 shares of the utilities provider’s stock after selling 16,867 shares during the quarter. Sterling Capital Management LLC’s holdings in CenterPoint Energy were worth $1,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in CenterPoint Energy in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares in the last quarter. Rothschild Investment LLC increased its position in shares of CenterPoint Energy by 165.0% in 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 last quarter. DV Equities LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter worth about $35,000. Finally, Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $41,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CNP has been the topic of several research analyst reports. Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a report on Thursday, June 18th. Bank of America upped their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. decreased their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.69.

CenterPoint Energy Trading Down 1.6%

CenterPoint Energy stock opened at $44.08 on Wednesday. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $45.22. The firm’s 50-day moving average is $42.72 and its 200-day moving average is $41.61. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The company has a market cap of $28.84 billion, a P/E ratio of 27.05, a PEG ratio of 2.65 and a beta of 0.46.

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

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio is 56.44%.

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.