Forsta AP Fonden Lowers Stock Holdings in CenterPoint Energy, Inc. $CNP

Forsta AP Fonden reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 122,900 shares of the utilities provider’s stock after selling 12,300 shares during the period. Forsta AP Fonden’s holdings in CenterPoint Energy were worth $4,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zacks Investment Management grew its stake in CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after acquiring an additional 256 shares during the period. Salomon & Ludwin LLC grew its stake in CenterPoint Energy by 16.1% in the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 308 shares during the period. Horizon Investments LLC grew its stake in shares of CenterPoint Energy by 3.2% during the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after buying an additional 326 shares during the period. Parallel Advisors LLC grew its stake in shares of CenterPoint Energy by 6.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after buying an additional 333 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of CenterPoint Energy by 7.6% during the 3rd quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock valued at $203,000 after buying an additional 369 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $41.27 on Tuesday. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $44.47. 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 firm has a market capitalization of $27.00 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.51 and a beta of 0.48. The company’s fifty day moving average price is $42.69 and its two-hundred day moving average price is $41.05.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts anticipate 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, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s payout ratio is currently 56.44%.

Wall Street Analyst Weigh In

CNP has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. KeyCorp boosted their price objective on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Evercore set a $45.00 price objective on shares of CenterPoint Energy in a research note on Monday, May 4th. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial lowered their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $44.62.

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.