78,587 Shares in CenterPoint Energy, Inc. $CNP Bought by Lincoln Capital Corp

Lincoln Capital Corp bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 78,587 shares of the utilities provider’s stock, valued at approximately $3,392,000. CenterPoint Energy comprises 1.2% of Lincoln Capital Corp’s holdings, making the stock its 27th biggest position.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of CenterPoint Energy in the fourth quarter worth about $343,925,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after acquiring an additional 6,794,535 shares during the last quarter. UBS Group AG raised its stake in shares of CenterPoint Energy by 31.3% in the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after acquiring an additional 1,728,865 shares in the last quarter. Jennison Associates LLC raised its stake in shares of CenterPoint Energy by 19.4% in the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after acquiring an additional 1,256,993 shares in the last quarter. Finally, Merewether Investment Management LP lifted its holdings in CenterPoint Energy by 85.5% in the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock worth $96,748,000 after purchasing an additional 1,149,637 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNP. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Truist Financial decreased their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, KeyCorp raised their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Price Performance

NYSE CNP opened at $42.75 on Monday. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock has a market capitalization of $27.97 billion, a PE ratio of 26.23, a P/E/G ratio of 2.54 and a beta of 0.46. The stock has a 50-day simple moving average of $42.59 and a 200 day simple moving average of $41.32.

CenterPoint Energy (NYSE:CNP) last announced its 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 business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same quarter in the previous year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research 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 was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given 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 was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is currently 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.