Wealthfront Advisers LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

Wealthfront Advisers LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 205,544 shares of the utilities provider’s stock, valued at approximately $9,052,000.

A number of other institutional investors have also recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new stake in CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after buying an additional 235 shares in the last quarter. Rothschild Investment LLC grew its holdings in 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 in the last quarter. DV Equities LLC bought a new position in CenterPoint Energy during the 4th quarter worth $35,000. Finally, MidFirst Bank acquired a new stake in shares of CenterPoint Energy during the second quarter worth $38,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $40.44 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The stock has a 50-day moving average of $42.82 and a 200-day moving average of $42.63. The company has a market cap of $26.64 billion, a PE ratio of 23.79, a P/E/G ratio of 2.40 and a beta of 0.46. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is presently 54.12%.

Analyst Ratings Changes

Several equities analysts have recently commented on CNP shares. Evercore set a $43.00 target price on shares of CenterPoint Energy in a research report on Monday. BMO Capital Markets decreased their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. JPMorgan Chase & Co. raised their target price on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Truist Financial decreased their price target on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.43.

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.