CenterPoint Energy, Inc. $CNP Shares Purchased by Capital International Investors

Capital International Investors grew its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,129,628 shares of the utilities provider’s stock after buying an additional 833,374 shares during the quarter. Capital International Investors owned about 13.35% of CenterPoint Energy worth $3,381,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CNP. AE Wealth Management LLC raised its holdings in CenterPoint Energy by 3.3% during the third quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock worth $18,878,000 after purchasing an additional 15,754 shares in the last quarter. Reaves W H & Co. Inc. boosted its stake in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of CenterPoint Energy by 23.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock valued at $6,636,000 after purchasing an additional 32,344 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of CenterPoint Energy by 31.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock worth $13,611,000 after buying an additional 83,127 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth $313,456,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Down 0.3%

Shares of CenterPoint Energy stock opened at $43.49 on Tuesday. CenterPoint Energy, Inc. has a 12-month low of $34.10 and a 12-month high of $44.04. The firm has a market capitalization of $28.45 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The stock’s fifty day moving average is $40.58 and its 200-day moving average is $39.37.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter last year, the business earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. CenterPoint Energy’s dividend payout ratio (DPR) is 57.50%.

Wall Street Analyst Weigh In

CNP has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. KeyCorp boosted their price target on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Morgan Stanley restated an “underperform” rating and set a $37.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Finally, Barclays dropped their target price on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and an average target price of $42.55.

CenterPoint Energy Company 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.