AXQ Capital LP Makes New Investment in CenterPoint Energy, Inc. $CNP

AXQ Capital LP purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 17,264 shares of the utilities provider’s stock, valued at approximately $670,000.

Several other large investors have also made changes to their positions in CNP. AE Wealth Management LLC increased its stake in shares of CenterPoint Energy by 3.3% during the 3rd quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock worth $18,878,000 after purchasing an additional 15,754 shares during the last quarter. Reaves W H & Co. Inc. boosted its holdings in CenterPoint Energy by 15.4% in the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after purchasing an additional 962,910 shares in the last quarter. Exchange Traded Concepts LLC increased its position in CenterPoint Energy by 23.3% during the third quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock worth $6,636,000 after buying an additional 32,344 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in CenterPoint Energy by 31.1% during the third quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock valued at $13,611,000 after buying an additional 83,127 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of CenterPoint Energy in the second quarter worth about $313,456,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.2%

CNP opened at $42.79 on Wednesday. The company has a market capitalization of $27.94 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. The firm’s fifty day moving average price is $39.62 and its two-hundred day moving average price is $39.04. CenterPoint Energy, Inc. has a fifty-two week low of $33.24 and a fifty-two week high of $43.20.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.23 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, February 19th. CenterPoint Energy’s dividend payout ratio is 57.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNP. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Wells Fargo & Company lifted their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Barclays reduced their price objective on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a research note on Monday. Finally, Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.