24,450 Shares in CenterPoint Energy, Inc. $CNP Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,450 shares of the utilities provider’s stock, valued at approximately $949,000.

Several other institutional investors and hedge funds have also made changes to their positions in CNP. Norges Bank acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $313,456,000. Marshall Wace LLP increased its stake in shares of CenterPoint Energy by 3,842.1% in the 2nd quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider’s stock worth $59,135,000 after acquiring an additional 1,568,714 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CenterPoint Energy by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 81,362,433 shares of the utilities provider’s stock worth $2,989,256,000 after acquiring an additional 1,301,374 shares during the period. Reaves W H & Co. Inc. boosted its position in shares of CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after acquiring an additional 962,910 shares during the last quarter. Finally, Tredje AP fonden grew its holdings in shares of CenterPoint Energy by 1,953.5% in the second quarter. Tredje AP fonden now owns 1,010,170 shares of the utilities provider’s stock valued at $37,114,000 after purchasing an additional 960,978 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the topic of a number of analyst reports. UBS Group reduced their target price on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. KeyCorp raised shares of CenterPoint Energy from a “sector weight” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Friday, December 12th. JPMorgan Chase & Co. reduced their target price on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Tuesday, January 13th. Finally, Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.00.

CenterPoint Energy Price Performance

CNP opened at $43.02 on Friday. The stock’s 50-day moving average price is $39.82 and its 200 day moving average price is $39.10. CenterPoint Energy, Inc. has a 12-month low of $33.24 and a 12-month high of $43.58. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.56 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter last year, the company earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.23 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 19th. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 57.50%.

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.