Capital International Investors Decreases Position in CenterPoint Energy, Inc. $CNP

Capital International Investors cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,030,252 shares of the utilities provider’s stock after selling 1,099,376 shares during the quarter. Capital International Investors owned approximately 13.18% of CenterPoint Energy worth $3,298,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy in the 4th quarter worth approximately $25,000. Rothschild Investment LLC lifted its stake in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in CenterPoint Energy in the 3rd quarter worth approximately $30,000. Olistico Wealth LLC purchased a new position in CenterPoint Energy in the 4th quarter worth approximately $41,000. Finally, University of Illinois Foundation purchased a new position in CenterPoint Energy in the 3rd quarter worth approximately $46,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNP has been the topic of a number of research reports. Bank of America raised their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Finally, Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Up 2.1%

CenterPoint Energy stock opened at $42.71 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The firm has a 50 day moving average price of $42.69 and a 200 day moving average price of $41.10. The company has a market capitalization of $27.94 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46.

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

CenterPoint Energy Dividend Announcement

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

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.