WINTON GROUP Ltd Invests $3.47 Million in CenterPoint Energy, Inc. $CNP

WINTON GROUP Ltd purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, HoldingsChannel reports. The fund purchased 78,786 shares of the utilities provider’s stock, valued at approximately $3,470,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in 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 acquiring an additional 235 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of CenterPoint Energy by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 239 shares during the last quarter. Zacks Investment Management boosted its holdings in shares of CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. CX Institutional boosted its holdings in shares of CenterPoint Energy by 3.7% in the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 275 shares during the period. Finally, IFP Advisors Inc increased its position in shares of CenterPoint Energy by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 2,555 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 1.5%

CenterPoint Energy stock opened at $39.16 on Friday. The business has a fifty day moving average of $41.52 and a two-hundred day moving average of $42.44. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The firm has a market cap of $25.79 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.63 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $37.22 and a twelve month high of $45.26.

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

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th were issued a $0.24 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNP. 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 research report on Wednesday, July 22nd. KeyCorp cut their target price 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. BTIG Research began coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. 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 report on Friday, August 21st. Finally, Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.36.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.