213,988 Shares in CenterPoint Energy, Inc. $CNP Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 213,988 shares of the utilities provider’s stock, valued at approximately $8,204,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital International Investors lifted its holdings in CenterPoint Energy by 1.0% in the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after buying an additional 833,374 shares during the period. Vanguard Group Inc. lifted its holdings in CenterPoint Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after buying an additional 719,803 shares during the period. Geode Capital Management LLC lifted its holdings in CenterPoint Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after buying an additional 166,305 shares during the period. Norges Bank purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at approximately $343,925,000. Finally, Jennison Associates LLC lifted 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 purchasing an additional 1,256,993 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CNP shares. KeyCorp raised their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Bank of America raised their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Performance

Shares of CNP opened at $41.27 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47. The firm has a market capitalization of $27.00 billion, a P/E ratio of 25.32, a PEG ratio of 2.51 and a beta of 0.48. The business has a fifty day moving average of $42.69 and a 200 day moving average of $41.05.

CenterPoint Energy (NYSE:CNP) last released 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 company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.53 earnings per share. 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 EPS for the current year.

CenterPoint Energy Announces Dividend

The business 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 annualized dividend and a yield of 2.2%. CenterPoint Energy’s payout ratio is 56.44%.

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.