Landscape Capital Management L.L.C. Cuts Position in CenterPoint Energy, Inc. $CNP

Landscape Capital Management L.L.C. lessened its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,638 shares of the utilities provider’s stock after selling 15,305 shares during the period. Landscape Capital Management L.L.C.’s holdings in CenterPoint Energy were worth $2,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of CenterPoint Energy by 14.3% in 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 last quarter. Fox Run Management L.L.C. purchased a new position in shares of CenterPoint Energy in the 3rd quarter worth approximately $949,000. Ethos Capital Management Inc. purchased a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $1,356,000. Dynamic Technology Lab Private Ltd purchased a new position in CenterPoint Energy in the third quarter valued at approximately $2,466,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CenterPoint Energy by 6.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,801 shares of the utilities provider’s stock valued at $50,471,000 after purchasing an additional 75,368 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the topic of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Bank of America upped their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Evercore set a $45.00 price objective on CenterPoint Energy in a research note on Monday, May 4th. 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 stock. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Trading Up 0.4%

CenterPoint Energy stock opened at $43.09 on Tuesday. The stock has a market cap of $28.19 billion, a P/E ratio of 26.44, a PEG ratio of 2.54 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The firm’s fifty day moving average price is $42.65 and its 200-day moving average price is $41.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last released its quarterly 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). The firm had revenue of $2.98 billion during 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 period in the previous year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio is presently 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.