Sumitomo Mitsui Trust Group Inc. Sells 68,814 Shares of CenterPoint Energy, Inc. $CNP

Sumitomo Mitsui Trust Group Inc. lessened its position in CenterPoint Energy, Inc. (NYSE:CNP) by 4.6% in the first quarter, Holdings Channel.com reports. The firm owned 1,416,201 shares of the utilities provider’s stock after selling 68,814 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CenterPoint Energy were worth $61,123,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CNP. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares during the period. DV Equities LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter valued at approximately $35,000. Finally, Rexford Capital Inc. bought a new position in CenterPoint Energy in the 1st quarter valued at approximately $39,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CNP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. BTIG Research initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Finally, Bank of America boosted their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Trading Up 0.6%

Shares of CNP traded up $0.27 during mid-day trading on Friday, reaching $43.59. 6,551,005 shares of the company were exchanged, compared to its average volume of 6,599,078. CenterPoint Energy, Inc. has a 52 week low of $35.58 and a 52 week high of $45.22. 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 stock has a market capitalization of $28.51 billion, a PE ratio of 26.74, a PEG ratio of 2.58 and a beta of 0.46. The business has a 50 day simple moving average of $42.94 and a two-hundred day simple moving average of $41.93.

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

CenterPoint Energy Dividend Announcement

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