CenterPoint Energy, Inc. $CNP Holdings Decreased by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,056,137 shares of the utilities provider’s stock after selling 118,858 shares during the period. Hsbc Holdings PLC owned about 0.16% of CenterPoint Energy worth $40,517,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in CenterPoint Energy during the fourth quarter valued at $343,925,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. UBS Group AG boosted its holdings in shares of CenterPoint Energy by 31.3% in the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after buying an additional 1,728,865 shares during the period. Jennison Associates LLC grew its position in shares of CenterPoint Energy by 19.4% during the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after buying an additional 1,256,993 shares during the last quarter. Finally, Merewether Investment Management LP grew its position in shares of CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after buying an additional 1,149,637 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNP. Barclays raised their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. BTIG Research started coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Evercore set a $45.00 price objective on shares of CenterPoint Energy in a research report on Monday, May 4th. Eight 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $44.55 on Monday. The company has a 50-day moving average of $42.83 and a 200-day moving average of $41.75. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $45.22.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate 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 net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 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.