Susquehanna Fundamental Investments LLC Takes Position in CenterPoint Energy, Inc. $CNP

Susquehanna Fundamental Investments LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,883 shares of the utilities provider’s stock, valued at approximately $567,000.

A number of other institutional investors have also modified their holdings of CNP. Hsbc Holdings PLC purchased a new stake in shares of CenterPoint Energy in the second quarter valued at about $49,316,000. Capital Research Global Investors increased its position in CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after acquiring an additional 235,346 shares during the period. Ilmarinen Mutual Pension Insurance Co purchased a new stake in CenterPoint Energy during the 4th quarter valued at approximately $3,834,000. Principal Financial Group Inc. raised its stake in CenterPoint Energy by 6.9% during the 4th quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock valued at $36,907,000 after acquiring an additional 61,740 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in CenterPoint Energy during the 2nd quarter worth approximately $56,492,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.2%

Shares of CNP stock opened at $39.56 on Thursday. The business’s fifty day moving average price is $42.08 and its 200 day moving average price is $42.56. The firm has a market capitalization of $26.06 billion, a PE ratio of 23.27, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. CenterPoint Energy, Inc. has a 1-year low of $36.60 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is presently 56.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CNP shares. Wolfe Research reissued an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley dropped their price target on shares of CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.36.

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.