CenterPoint Energy, Inc. $CNP Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,056,137 shares of the utilities provider’s stock after selling 118,858 shares during the quarter. Hsbc Holdings PLC owned 0.16% of CenterPoint Energy worth $40,517,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Zacks Investment Management boosted its position in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 256 shares during the period. Salomon & Ludwin LLC grew its stake in shares of CenterPoint Energy by 16.1% in the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after buying an additional 308 shares in the last quarter. Horizon Investments LLC grew its stake in shares of CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after buying an additional 326 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of CenterPoint Energy by 6.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after buying an additional 333 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Truist Financial reduced their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Bank of America lifted their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. 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’s stock. Based on data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $43.54 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 company has a market cap of $28.48 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46. The stock’s 50-day moving average is $42.57 and its two-hundred day moving average is $41.39. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data 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). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

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