Norges Bank Buys New Position in CenterPoint Energy, Inc. $CNP

Norges Bank bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,970,387 shares of the utilities provider’s stock, valued at approximately $343,925,000. Norges Bank owned approximately 1.37% of CenterPoint Energy at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in CenterPoint Energy in the fourth quarter worth approximately $4,025,000. National Pension Service boosted its holdings in CenterPoint Energy by 7.8% in the fourth quarter. National Pension Service now owns 956,067 shares of the utilities provider’s stock worth $36,656,000 after acquiring an additional 69,252 shares in the last quarter. Rothschild Investment LLC boosted its holdings in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in CenterPoint Energy in the fourth quarter worth approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in CenterPoint Energy by 14.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,234 shares of the utilities provider’s stock worth $469,000 after acquiring an additional 1,525 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNP. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Bank of America increased their price target on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Mizuho set a $44.00 price objective on CenterPoint Energy in a research note on Monday, February 23rd. Finally, KeyCorp lifted their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $44.62.

CenterPoint Energy Price Performance

CNP opened at $41.27 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The company has a market capitalization of $27.00 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 2.51 and a beta of 0.48. The firm’s fifty day moving average price is $42.69 and its two-hundred day moving average price is $41.05. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data 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). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the prior year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

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.