Danske Bank A S Buys New Stake in CenterPoint Energy, Inc. $CNP

Danske Bank A S purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,296,998 shares of the utilities provider’s stock, valued at approximately $57,120,000. Danske Bank A S owned 0.20% of CenterPoint Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNP. Brighton Jones LLC bought a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $254,000. AQR Capital Management LLC grew its position in CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after acquiring an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after acquiring an additional 3,821 shares during the period. Empowered Funds LLC raised its stake in CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Woodline Partners LP raised its stake in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 15,922 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.1%

Shares of CNP opened at $40.59 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.42 and a beta of 0.46. The stock has a fifty day moving average price of $42.86 and a two-hundred day moving average price of $42.62. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is currently 54.12%.

Analyst Ratings Changes

A number of research analysts have issued reports on CNP shares. Truist Financial cut their price objective on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. BMO Capital Markets lowered their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Evercore set a $43.00 target price on shares of CenterPoint Energy in a research report on Monday. Morgan Stanley set a $40.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus price target of $45.43.

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.