JSF Financial LLC Invests $883,000 in CenterPoint Energy, Inc. $CNP

JSF Financial LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,024 shares of the utilities provider’s stock, valued at approximately $883,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in CenterPoint Energy during the 3rd quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $26,000. LRI Investments LLC boosted its stake in shares of CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after buying an additional 355 shares in the last quarter. First Horizon Corp purchased a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp acquired a new position in CenterPoint Energy during the third quarter worth $30,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 1.3%

Shares of CNP stock opened at $41.71 on Friday. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.47 and a beta of 0.48. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $43.08 and a 200 day moving average price of $40.69. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the prior year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s payout ratio is presently 56.44%.

Analysts Set New Price Targets

CNP has been the subject of a number of recent analyst reports. Barclays raised their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Jefferies Financial Group boosted their price objective on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a research report on Monday, February 23rd. Finally, KeyCorp increased their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.38.

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.