CenterPoint Energy, Inc. $CNP Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in CenterPoint Energy, Inc. (NYSE:CNP) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in CenterPoint Energy in the fourth quarter valued at about $25,000. Rothschild Investment LLC lifted its position in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of CenterPoint Energy during the 3rd quarter valued at approximately $30,000. Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter valued at approximately $41,000. Finally, University of Illinois Foundation acquired a new stake in shares of CenterPoint Energy during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

CNP has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Finally, Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Trading Down 2.3%

Shares of CenterPoint Energy stock opened at $41.27 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47. The company 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 business has a 50 day moving average price of $42.69 and a 200 day moving average price of $41.05.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (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 for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s payout ratio is presently 56.44%.

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.