Saudi Central Bank Buys 21,603 Shares of CenterPoint Energy, Inc. $CNP

Saudi Central Bank raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 89.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,701 shares of the utilities provider’s stock after buying an additional 21,603 shares during the quarter. Saudi Central Bank’s holdings in CenterPoint Energy were worth $2,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CNP. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in CenterPoint Energy in the second quarter valued at approximately $27,000. Rothschild Investment LLC raised its holdings in CenterPoint Energy by 165.0% in the fourth 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 period. Finally, DV Equities LLC acquired a new stake in CenterPoint Energy in the fourth quarter worth $35,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Down 0.1%

Shares of CenterPoint Energy stock opened at $39.63 on Tuesday. The firm has a market cap of $26.11 billion, a PE ratio of 23.31, a P/E/G ratio of 2.62 and a beta of 0.46. The business’s 50 day simple moving average is $41.79 and its 200 day simple moving average is $42.50. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a 52-week low of $37.13 and a 52-week high of $45.26.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.29 EPS. 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 Increases Dividend

The firm 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 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. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is 56.47%.

Wall Street Analyst Weigh In

CNP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Morgan Stanley decreased their target price on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, BMO Capital Markets lowered their price target on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy presently has an average rating of “Moderate Buy” and an average price target of $45.36.

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.