Capital Research Global Investors Cuts Position in CenterPoint Energy, Inc. $CNP

Capital Research Global Investors trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,706,563 shares of the utilities provider’s stock after selling 623,221 shares during the period. Capital Research Global Investors’ holdings in CenterPoint Energy were worth $803,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in CenterPoint Energy during the fourth quarter valued at $254,000. AQR Capital Management LLC increased its holdings in shares of CenterPoint Energy by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after buying an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after buying an additional 3,821 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 15,922 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a research report on Monday, February 23rd. Wells Fargo & Company boosted their price target on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Barclays reduced their price objective on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.55.

CenterPoint Energy Stock Down 0.8%

CNP stock opened at $43.13 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a 52 week low of $34.27 and a 52 week high of $44.04. The stock has a market capitalization of $28.22 billion, a P/E ratio of 26.96, a P/E/G ratio of 2.58 and a beta of 0.58. The firm has a 50-day simple moving average of $40.67 and a 200-day simple moving average of $39.40.

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

CenterPoint Energy Increases Dividend

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

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.