Capital Research Global Investors Sells 623,221 Shares of CenterPoint Energy, Inc. $CNP

Capital Research Global Investors lowered its position in CenterPoint Energy, Inc. (NYSE:CNP) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,706,563 shares of the utilities provider’s stock after selling 623,221 shares during the period. Capital Research Global Investors owned 3.17% of CenterPoint Energy worth $803,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in shares of CenterPoint Energy by 2.1% in the 3rd quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 264 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of CenterPoint Energy by 9.0% in the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 309 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 333 shares in the last quarter. Riverbend Wealth Management LLC grew its stake in CenterPoint Energy by 5.9% in the 3rd quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 341 shares during the period. Finally, LRI Investments LLC grew its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after buying an additional 355 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE CNP opened at $43.13 on Wednesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The stock has a 50-day moving average of $40.67 and a 200 day moving average of $39.40. CenterPoint Energy, Inc. has a one year low of $34.27 and a one year high of $44.04. The company has a market capitalization of $28.22 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.58 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate 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 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Increases Dividend

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

Wall Street Analyst Weigh In

CNP has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, January 13th. UBS Group reduced their price objective on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.55.

About CenterPoint Energy

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.