Marks Group Wealth Management Inc Purchases Shares of 51,396 CenterPoint Energy, Inc. $CNP

Marks Group Wealth Management Inc purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 51,396 shares of the utilities provider’s stock, valued at approximately $1,971,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors boosted its stake in CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock valued at $3,381,069,000 after purchasing an additional 833,374 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CenterPoint Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after buying an additional 719,803 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after buying an additional 235,346 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CenterPoint Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after buying an additional 166,305 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $343,925,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $42.41 on Wednesday. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $44.47. 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 business’s 50 day simple moving average is $42.68 and its 200 day simple moving average is $41.14. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.48 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last issued its earnings results 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). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend 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 presently 56.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CNP shares. Jefferies Financial Group boosted their target price on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. Mizuho set a $44.00 target price on CenterPoint Energy in a research note on Monday, February 23rd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $44.62.

CenterPoint Energy 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.