Commonwealth Equity Services LLC Cuts Stock Position in CenterPoint Energy, Inc. $CNP

Commonwealth Equity Services LLC lessened its position in CenterPoint Energy, Inc. (NYSE:CNP) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,847 shares of the utilities provider’s stock after selling 16,612 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CenterPoint Energy were worth $3,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at $25,000. Rothschild Investment LLC raised its holdings in shares of CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares during the period. Olistico Wealth LLC purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at $41,000. University of Illinois Foundation purchased a new stake in shares of CenterPoint Energy in the 3rd quarter valued at $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of CenterPoint Energy by 66.7% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock valued at $48,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CNP. Evercore set a $45.00 price objective on CenterPoint Energy in a report on Monday, May 4th. Jefferies Financial Group upped their price target on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. KeyCorp upped their price target on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Truist Financial cut their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $42.41 on Wednesday. The stock’s 50-day moving average is $42.68 and its two-hundred day moving average is $41.14. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.48 and a beta of 0.46.

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

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s dividend 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.