29,488 Shares in CenterPoint Energy, Inc. $CNP Acquired by Dockside LLC

Dockside LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,488 shares of the utilities provider’s stock, valued at approximately $1,131,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position 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 buying an additional 65,440 shares during the period. Fox Run Management L.L.C. bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $949,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $2,466,000. Ethos Capital Management Inc. bought a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $1,356,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of CenterPoint Energy by 6.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,801 shares of the utilities provider’s stock worth $50,471,000 after buying an additional 75,368 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Barclays raised their target price on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Mizuho set a $44.00 price objective on CenterPoint Energy in a research report on Monday, February 23rd. Finally, Bank of America lifted their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.62.

CenterPoint Energy Trading Down 0.1%

CNP stock opened at $42.85 on Monday. The company has a market cap of $28.03 billion, a P/E ratio of 26.29, a PEG ratio of 2.54 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 quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $42.66 and a 200-day moving average of $41.21.

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

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. 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.