Quantum Portfolio Management LLC Sells 12,209 Shares of CenterPoint Energy, Inc. $CNP

Quantum Portfolio Management LLC trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 49.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,478 shares of the utilities provider’s stock after selling 12,209 shares during the period. Quantum Portfolio Management LLC’s holdings in CenterPoint Energy were worth $539,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CNP. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares in the last quarter. Rothschild Investment LLC boosted its position in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares in the last quarter. DV Equities LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $35,000. Finally, Rexford Capital Inc. purchased a new position in shares of CenterPoint Energy during the 1st quarter worth approximately $39,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 1.0%

CNP stock opened at $44.02 on Thursday. The business has a 50 day moving average of $42.92 and a 200 day moving average of $41.88. The firm has a market cap of $28.80 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.58 and a twelve month high of $45.22. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

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

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s payout ratio is 56.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNP. Barclays raised their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. BTIG Research started coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Wells Fargo & Company restated an “overweight” rating and set a $48.00 target price on shares of CenterPoint Energy in a report on Tuesday, April 21st. Finally, Bank of America upped their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.69.

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.