Wealthfront Advisers LLC Purchases Shares of 205,544 CenterPoint Energy, Inc. $CNP

Wealthfront Advisers LLC bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 205,544 shares of the utilities provider’s stock, valued at approximately $9,052,000.

Several other hedge funds have also added to or reduced their stakes in CNP. Vanguard Group Inc. increased its holdings in CenterPoint Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock valued at $3,158,492,000 after purchasing an additional 719,803 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after purchasing an additional 6,794,535 shares during the last quarter. Capital Research Global Investors raised its stake in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after buying an additional 235,346 shares during the last quarter. Deutsche Bank AG bought a new stake in CenterPoint Energy during the 2nd quarter valued at about $770,871,000. Finally, Geode Capital Management LLC lifted its stake in shares of CenterPoint Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after buying an additional 166,305 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $40.44 on Thursday. The company has a market capitalization of $26.64 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.40 and a beta of 0.46. The company’s 50-day simple moving average is $42.82 and its two-hundred day simple moving average is $42.63. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is currently 54.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CNP. BMO Capital Markets dropped their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a research report on Thursday, June 18th. Finally, KeyCorp decreased their price objective on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Nine 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.43.

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.