CenterPoint Energy, Inc. $CNP Stock Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 182,038 shares of the utilities provider’s stock after purchasing an additional 12,728 shares during the period. Nisa Investment Advisors LLC’s holdings in CenterPoint Energy were worth $6,699,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in CenterPoint Energy in the 2nd quarter valued at about $770,871,000. Bank of America Corp DE purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $332,753,000. Legal & General Group Plc acquired a new position in shares of CenterPoint Energy during the second quarter worth about $250,273,000. GQG Partners LLC acquired a new position in shares of CenterPoint Energy during the second quarter worth about $176,574,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of CenterPoint Energy during the second quarter worth about $163,893,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CNP shares. JPMorgan Chase & Co. reduced their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Barclays lowered their price target on shares of CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday. Truist Financial dropped their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Evercore set a $43.00 price objective on shares of CenterPoint Energy in a research report on Monday, August 17th. Finally, BTIG Research started coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy presently has an average rating of “Moderate Buy” and a consensus target price of $44.28.

CenterPoint Energy Trading Up 2.2%

NYSE:CNP opened at $41.21 on Friday. The stock has a 50-day simple moving average of $38.99 and a 200-day simple moving average of $41.46. The stock has a market cap of $27.15 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.67 and a beta of 0.47. CenterPoint Energy, Inc. has a 1 year low of $36.37 and a 1 year high of $45.26. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data 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 business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business posted $0.29 EPS. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio is 56.47%.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.