Artemis Investment Management LLP Boosts Stock Position in CenterPoint Energy, Inc. $CNP

Artemis Investment Management LLP raised its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,785,648 shares of the utilities provider’s stock after purchasing an additional 29,400 shares during the quarter. Artemis Investment Management LLP owned approximately 0.42% of CenterPoint Energy worth $102,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy during the second quarter worth approximately $27,000. MidFirst Bank acquired a new stake in CenterPoint Energy during the second quarter worth approximately $38,000. Rexford Capital Inc. bought a new stake in shares of CenterPoint Energy during the first quarter worth approximately $39,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of CenterPoint Energy during the second quarter worth approximately $40,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of NYSE CNP traded down $0.10 during mid-day trading on Thursday, reaching $38.42. The company had a trading volume of 1,812,646 shares, compared to its average volume of 5,823,831. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.55 and a beta of 0.47. The business’s 50-day simple moving average is $39.27 and its 200 day simple moving average is $41.69. CenterPoint Energy, Inc. has a one year low of $36.37 and a one year high of $45.26. 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 (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CNP. Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday. KeyCorp dropped their target price on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Wolfe Research reissued an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.93.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.