Ceredex Value Advisors LLC Has $20.85 Million Position in CenterPoint Energy, Inc. $CNP

Ceredex Value Advisors LLC decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 38.5% during the 3rd quarter, Holdings Channel reports. The fund owned 537,450 shares of the utilities provider’s stock after selling 336,650 shares during the quarter. Ceredex Value Advisors LLC’s holdings in CenterPoint Energy were worth $20,853,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of CenterPoint Energy during the second quarter worth $313,456,000. Marshall Wace LLP grew its stake in CenterPoint Energy by 3,842.1% in the second quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider’s stock valued at $59,135,000 after acquiring an additional 1,568,714 shares during the period. Vanguard Group Inc. increased its holdings in shares of CenterPoint Energy by 1.6% in the second 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 in the last quarter. Reaves W H & Co. Inc. lifted its holdings 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 purchasing an additional 962,910 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of CenterPoint Energy in the 3rd quarter valued at approximately $35,993,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Morgan Stanley restated an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Wells Fargo & Company increased their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, UBS Group reduced their price target on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.55.

CenterPoint Energy Price Performance

NYSE:CNP opened at $43.49 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $40.58 and a 200 day simple moving average of $39.37. CenterPoint Energy, Inc. has a 1-year low of $34.10 and a 1-year high of $44.04. The stock has a market capitalization of $28.45 billion, a PE ratio of 27.18, a P/E/G ratio of 2.58 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last issued its 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 firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same period in the previous year, the company posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is currently 57.50%.

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.