Geode Capital Management LLC Increases Holdings in CenterPoint Energy, Inc. $CNP

Geode Capital Management LLC grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,023,720 shares of the utilities provider’s stock after purchasing an additional 166,305 shares during the quarter. Geode Capital Management LLC owned approximately 2.61% of CenterPoint Energy worth $650,189,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CNP. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $25,000. LRI Investments LLC grew its position in shares of CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $30,000. Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $41,000. Finally, University of Illinois Foundation acquired a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $46,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Up 0.1%

Shares of NYSE CNP opened at $42.25 on Friday. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47. The firm’s 50 day moving average price is $42.73 and its 200 day moving average price is $41.03. The firm has a market cap of $27.64 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. 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 announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Bank of America increased their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research report on Monday, February 23rd. Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $44.62.

CenterPoint Energy 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.