Intech Investment Management LLC Has $8.52 Million Stake in CenterPoint Energy, Inc. $CNP

Intech Investment Management LLC trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 61.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,123 shares of the utilities provider’s stock after selling 349,042 shares during the quarter. Intech Investment Management LLC’s holdings in CenterPoint Energy were worth $8,516,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CNP. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $25,000. LRI Investments LLC raised its position in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of CenterPoint Energy during the third quarter worth approximately $30,000. Olistico Wealth LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $41,000. Finally, University of Illinois Foundation purchased a new stake in CenterPoint Energy in the 3rd quarter valued at $46,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Up 0.1%

Shares of NYSE:CNP opened at $42.25 on Friday. The company has a market capitalization of $27.64 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The business has a fifty day moving average price of $42.73 and a two-hundred day moving average price of $41.03. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47.

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

CenterPoint Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

CNP has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Bank of America increased their price target on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Mizuho set a $44.00 price target on CenterPoint Energy in a research report on Monday, February 23rd. Evercore set a $45.00 price target on CenterPoint Energy in a research report on Monday, May 4th. Finally, Truist Financial lowered their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $44.62.

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.