Capital International Inc. CA Cuts Stake in CenterPoint Energy, Inc. $CNP

Capital International Inc. CA reduced its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 399,180 shares of the utilities provider’s stock after selling 30,592 shares during the period. Capital International Inc. CA’s holdings in CenterPoint Energy were worth $15,305,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CNP. Brighton Jones LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth approximately $254,000. AQR Capital Management LLC increased its position in shares of CenterPoint Energy by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after purchasing an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CenterPoint Energy by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after purchasing an additional 3,821 shares during the last quarter. Empowered Funds LLC increased its position in shares of CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP increased its position in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Performance

NYSE CNP opened at $42.71 on Monday. 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 $27.94 billion, a PE ratio of 26.20, a P/E/G ratio of 2.53 and a beta of 0.46. The company has a fifty day moving average of $42.69 and a two-hundred day moving average of $41.11.

CenterPoint Energy (NYSE:CNP) last released 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 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 in the prior year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed 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 is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is currently 56.44%.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of recent analyst reports. Bank of America increased their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group increased their price objective 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. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Barclays increased their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, KeyCorp increased their price objective on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Eight 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 stock. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $44.62.

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.