CenterPoint Energy, Inc. $CNP Stake Boosted by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,115,513 shares of the utilities provider’s stock after purchasing an additional 568,130 shares during the period. American Century Companies Inc.’s holdings in CenterPoint Energy were worth $237,282,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CNP. Brighton Jones LLC acquired a new position in CenterPoint Energy during the fourth quarter worth about $254,000. AQR Capital Management LLC boosted its position in CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after purchasing an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after acquiring an additional 3,821 shares during the period. Empowered Funds LLC increased its stake in CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 1,384 shares during the period. Finally, Woodline Partners LP boosted its position in CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after buying an additional 15,922 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 1.1%

Shares of CenterPoint Energy stock opened at $43.47 on Friday. CenterPoint Energy, Inc. has a 12-month low of $33.24 and a 12-month high of $43.58. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.58 and a beta of 0.59. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $39.93 and its two-hundred day moving average price is $39.14.

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

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be given a $0.23 dividend. This is an increase 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 (DPR) is 57.50%.

Wall Street Analyst Weigh In

CNP has been the subject of several analyst reports. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Morgan Stanley reaffirmed an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Barclays decreased their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Finally, Mizuho set a $44.00 target price on CenterPoint Energy in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $42.00.

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.