Capital International Inc. CA Increases Stock Holdings in CenterPoint Energy, Inc. $CNP

Capital International Inc. CA boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,772 shares of the utilities provider’s stock after buying an additional 64,920 shares during the period. Capital International Inc. CA owned approximately 0.07% of CenterPoint Energy worth $16,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of CenterPoint Energy during the third quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CenterPoint Energy in the 3rd quarter valued at approximately $26,000. LRI Investments LLC boosted its stake in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares in the last quarter. First Horizon Corp acquired a new stake in CenterPoint Energy in the 3rd quarter worth approximately $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in CenterPoint Energy during the 3rd quarter worth approximately $30,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of recent analyst reports. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research note on Monday, February 23rd. BMO Capital Markets upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, January 13th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley restated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.55.

CenterPoint Energy Trading Down 0.8%

Shares of CenterPoint Energy stock opened at $43.13 on Wednesday. The firm has a 50-day simple moving average of $40.67 and a two-hundred day simple moving average of $39.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. CenterPoint Energy, Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $44.04. The company has a market cap of $28.22 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58.

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

CenterPoint Energy Increases Dividend

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