CenterPoint Energy, Inc. $CNP Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in CenterPoint Energy, Inc. (NYSE:CNP) by 94.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,196 shares of the utilities provider’s stock after selling 389,707 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CenterPoint Energy were worth $1,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its position in CenterPoint Energy by 14.3% during the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after purchasing an additional 65,440 shares during the period. Ethos Capital Management Inc. purchased a new position in CenterPoint Energy in the fourth quarter valued at about $1,356,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of CenterPoint Energy during the third quarter worth about $2,466,000. Allspring Global Investments Holdings LLC lifted its stake in shares of CenterPoint Energy by 18.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after purchasing an additional 69,700 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after buying an additional 235,346 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $44.55 on Friday. The firm has a fifty day moving average of $42.79 and a two-hundred day moving average of $41.71. The firm has a market cap of $29.14 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.59 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $45.22. 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 (NYSE:CNP) last issued 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). The company had revenue of $2.98 billion during the quarter, compared to analyst estimates 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 company posted $0.53 EPS. 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 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Analyst Ratings Changes

Several analysts have issued reports on CNP shares. Barclays increased their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Bank of America lifted their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Evercore set a $45.00 price objective on shares of CenterPoint Energy in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CenterPoint Energy has an average rating of “Hold” and an average target price of $44.69.

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.