Clearbridge Investments LLC Increases Stock Position in CenterPoint Energy, Inc. $CNP

Clearbridge Investments LLC lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,474,911 shares of the utilities provider’s stock after purchasing an additional 300,335 shares during the period. Clearbridge Investments LLC owned about 0.69% of CenterPoint Energy worth $171,568,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Reaves W H & Co. Inc. raised its stake in shares of CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after acquiring an additional 962,910 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of CenterPoint Energy by 14.3% during the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after acquiring an additional 65,440 shares in the last quarter. Ethos Capital Management Inc. bought a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $1,356,000. Fox Run Management L.L.C. bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $949,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $2,466,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CNP shares. Truist Financial reduced their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research report on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 target price on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Jefferies Financial Group boosted their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Stock Up 0.0%

NYSE:CNP opened at $42.71 on Monday. The company has a market cap of $27.94 billion, a PE ratio of 26.20, a P/E/G ratio of 2.53 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company’s 50 day moving average is $42.69 and its two-hundred day moving average is $41.11.

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

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. 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 dividend 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.