Janus Henderson Group PLC Cuts Holdings in CenterPoint Energy, Inc. $CNP

Janus Henderson Group PLC lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 60.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,837 shares of the utilities provider’s stock after selling 168,057 shares during the period. Janus Henderson Group PLC’s holdings in CenterPoint Energy were worth $4,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of CenterPoint Energy during the fourth quarter worth about $343,925,000. T. Rowe Price Investment Management Inc. raised its holdings in CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after acquiring an additional 6,794,535 shares in the last quarter. UBS Group AG lifted its stake in CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after acquiring an additional 1,728,865 shares during the last quarter. Jennison Associates LLC lifted its stake in CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after acquiring an additional 1,256,993 shares during the last quarter. Finally, Merewether Investment Management LP grew its holdings in CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock worth $96,748,000 after acquiring an additional 1,149,637 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BTIG Research began coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.57.

CenterPoint Energy Stock Down 0.0%

CenterPoint Energy stock opened at $40.65 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week 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. The company has a market capitalization of $26.77 billion, a P/E ratio of 23.91, a PEG ratio of 2.41 and a beta of 0.46. The stock has a 50-day simple moving average of $43.10 and a 200-day simple moving average of $42.56.

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

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is 54.12%.

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.