Xponance Inc. Has $4.04 Million Stock Position in CenterPoint Energy, Inc. $CNP

Xponance Inc. cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,007 shares of the utilities provider’s stock after selling 13,107 shares during the period. Xponance Inc.’s holdings in CenterPoint Energy were worth $4,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNP. Brighton Jones LLC acquired a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $254,000. AQR Capital Management LLC increased its position in shares of CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after buying an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after buying an additional 3,821 shares during the last quarter. Empowered Funds LLC lifted its holdings in CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after buying an additional 1,384 shares during the period. Finally, Woodline Partners LP boosted its position in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after acquiring an additional 15,922 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 1.1%

CenterPoint Energy stock opened at $43.47 on Monday. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The firm’s fifty day moving average price is $39.93 and its two-hundred day moving average price is $39.14. CenterPoint Energy, Inc. has a 1-year low of $33.24 and a 1-year high of $43.58. 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 posted its earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. KeyCorp raised CenterPoint Energy from a “sector weight” rating to an “overweight” rating and set a $41.00 target price for the company in a research note on Friday, December 12th. Barclays dropped their price target on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

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.