Delta Global Management LP Purchases Shares of 48,347 CenterPoint Energy, Inc. $CNP

Delta Global Management LP purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,347 shares of the utilities provider’s stock, valued at approximately $1,854,000.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in CenterPoint Energy by 14.3% during the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after purchasing an additional 65,440 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of CenterPoint Energy in the third quarter worth about $949,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of CenterPoint Energy in the third quarter worth about $2,466,000. Ethos Capital Management Inc. purchased a new position in shares of CenterPoint Energy in the fourth quarter worth about $1,356,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of 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 worth $50,471,000 after buying an additional 75,368 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.6%

NYSE CNP opened at $43.34 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The stock has a market capitalization of $28.35 billion, a PE ratio of 26.59, a PEG ratio of 2.55 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47. The business’s 50-day moving average is $42.64 and its 200 day moving average is $41.26.

CenterPoint Energy (NYSE:CNP) last posted its earnings results 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). The business 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 business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid 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 (DPR) is presently 56.44%.

Analysts Set New Price Targets

CNP has been the topic of several analyst reports. Barclays lifted their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. KeyCorp lifted their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Bank of America lifted their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Evercore set a $45.00 price objective on CenterPoint Energy in a report 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 given a Sell rating to the company’s stock. According to MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $44.62.

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.