Harrison Street Private Wealth LLC Takes $4.95 Million Position in CenterPoint Energy, Inc. $CNP

Harrison Street Private Wealth LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 114,580 shares of the utilities provider’s stock, valued at approximately $4,945,000. CenterPoint Energy makes up 6.5% of Harrison Street Private Wealth LLC’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNP. Essex Financial Services Inc. grew its stake in shares of CenterPoint Energy by 23.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,897 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 1,715 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of CenterPoint Energy by 5.9% in the first quarter. IFM Investors Pty Ltd now owns 195,780 shares of the utilities provider’s stock valued at $8,450,000 after purchasing an additional 10,947 shares during the period. Rexford Capital Inc. purchased a new stake in CenterPoint Energy during the first quarter worth about $39,000. Peak Financial Advisors LLC purchased a new stake in CenterPoint Energy during the first quarter worth about $3,019,000. Finally, Apollon Wealth Management LLC grew its position in CenterPoint Energy by 14.0% during the first quarter. Apollon Wealth Management LLC now owns 6,931 shares of the utilities provider’s stock worth $299,000 after buying an additional 853 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNP. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. BTIG Research assumed coverage on CenterPoint Energy in a research note on Tuesday. They issued a “neutral” rating for the company. Finally, Bank of America lifted their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Trading Up 1.9%

Shares of CNP opened at $44.55 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $42.79 and a 200-day simple moving average of $41.71. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $45.22. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

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

CenterPoint Energy Company 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.