Securian Asset Management Inc. Decreases Holdings in CenterPoint Energy, Inc. $CNP

Securian Asset Management Inc. decreased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,752 shares of the utilities provider’s stock after selling 13,777 shares during the period. Securian Asset Management Inc.’s holdings in CenterPoint Energy were worth $681,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JSF Financial LLC purchased a new stake in CenterPoint Energy in the fourth quarter worth $883,000. NewEdge Wealth LLC lifted its position in shares of CenterPoint Energy by 48.0% during the 4th quarter. NewEdge Wealth LLC now owns 9,693 shares of the utilities provider’s stock valued at $372,000 after buying an additional 3,144 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of CenterPoint Energy by 4.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 23,991 shares of the utilities provider’s stock worth $920,000 after acquiring an additional 1,088 shares during the period. International Assets Investment Management LLC increased its holdings in CenterPoint Energy by 115.4% in the 4th quarter. International Assets Investment Management LLC now owns 35,445 shares of the utilities provider’s stock worth $1,359,000 after acquiring an additional 18,990 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in CenterPoint Energy by 71.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,789 shares of the utilities provider’s stock worth $644,000 after acquiring an additional 6,997 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNP shares. Mizuho set a $44.00 target price on shares of CenterPoint Energy in a research report on Monday, February 23rd. Jefferies Financial Group boosted their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Morgan Stanley restated an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Bank of America boosted their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Moderate Buy” and a consensus target price of $44.69.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $42.50 on Friday. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.50 and a beta of 0.48. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The business has a 50-day simple moving average of $42.97 and a 200 day simple moving average of $40.77. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.2%. CenterPoint Energy’s payout ratio is presently 56.44%.

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.