Boston Partners Sells 427,332 Shares of CenterPoint Energy, Inc. $CNP

Boston Partners trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,006,526 shares of the utilities provider’s stock after selling 427,332 shares during the period. Boston Partners owned about 2.15% of CenterPoint Energy worth $537,161,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CNP. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter worth $25,000. Rothschild Investment LLC grew its holdings in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter worth $41,000. University of Illinois Foundation bought a new stake in shares of CenterPoint Energy during the third quarter worth $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of CenterPoint Energy by 66.7% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CNP. Bank of America raised their price target on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. decreased their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Barclays increased their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. 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 company currently has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Up 0.7%

CNP stock opened at $42.85 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $28.03 billion, a PE ratio of 26.29, a PEG ratio of 2.52 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 simple moving average is $42.66 and its 200 day simple moving average is $41.20.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to analyst estimates 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 firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently declared 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 was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. 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.