Parallax Volatility Advisers L.P. Makes New Investment in CenterPoint Energy, Inc. $CNP

Parallax Volatility Advisers L.P. acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,106 shares of the utilities provider’s stock, valued at approximately $930,000.

A number of other large investors also recently modified their holdings of CNP. Vanguard Group Inc. raised its stake in shares of CenterPoint Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after acquiring an additional 719,803 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake 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 worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the last quarter. Capital Research Global Investors increased its stake 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 worth $802,916,000 after purchasing an additional 235,346 shares during the period. Deutsche Bank AG purchased a new position in shares of CenterPoint Energy in the second quarter worth $770,871,000. Finally, Geode Capital Management LLC raised its holdings in CenterPoint Energy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after buying an additional 166,305 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research note on Thursday, June 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. BTIG Research initiated coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets cut their price objective on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Trading Up 1.8%

NYSE:CNP opened at $39.63 on Thursday. The firm has a market capitalization of $26.11 billion, a P/E ratio of 23.31, a PEG ratio of 2.31 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 one year low of $36.60 and a one year high of $45.26. The company’s 50-day simple moving average is $42.46 and its 200 day simple moving average is $42.61.

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

CenterPoint Energy Increases Dividend

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

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.