Peak Financial Advisors LLC Takes $3.02 Million Position in CenterPoint Energy, Inc. $CNP

Peak Financial Advisors LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 69,940 shares of the utilities provider’s stock, valued at approximately $3,019,000. CenterPoint Energy comprises 1.3% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its stake in CenterPoint Energy by 14.3% in the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after buying an additional 65,440 shares during the period. Ethos Capital Management Inc. bought a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $1,356,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $2,466,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CenterPoint Energy by 6.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,801 shares of the utilities provider’s stock worth $50,471,000 after acquiring an additional 75,368 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of CenterPoint Energy by 18.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after acquiring an additional 69,700 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $44.96 on Monday. The stock has a market cap of $29.41 billion, a P/E ratio of 27.58, a PEG ratio of 2.67 and a beta of 0.46. The stock has a 50 day simple moving average of $42.67 and a 200 day simple moving average of $41.52. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $45.08.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. CenterPoint Energy’s dividend payout ratio is 56.44%.

Analysts Set New Price Targets

CNP has been the subject of several research reports. KeyCorp raised their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a report on Thursday, June 18th. Bank of America increased their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.69.

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.