82,019 Shares of CenterPoint Energy, Inc. $CNP Bought by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA acquired 82,019 shares of CenterPoint Energy worth approximately $3.02 million, while institutional investors and hedge funds collectively own 91.77% of the stock.
• CenterPoint reported quarterly EPS of $0.40, exceeding the $0.37 consensus estimate, and generated $2.15 billion in revenue. The company maintained fiscal 2026 EPS guidance of $1.89–$1.91.
• CenterPoint declared a quarterly dividend of $0.24, equivalent to $0.96 annually and a 2.4% yield. Analysts remain moderately bullish overall, though several firms recently lowered price targets and earnings estimates.

Banque Pictet & Cie SA acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 82,019 shares of the utilities provider's stock, valued at approximately $3,018,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNP. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy during the second quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock worth $27,000 after purchasing an additional 235 shares in the last quarter. MidFirst Bank bought a new stake in CenterPoint Energy in the second quarter worth approximately $38,000. Rexford Capital Inc. bought a new stake in CenterPoint Energy in the first quarter worth approximately $39,000. Finally, Transamerica Financial Advisors LLC acquired a new position in CenterPoint Energy in the second quarter valued at approximately $40,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

CNP stock opened at $40.61 on Friday. The stock has a market capitalization of $26.75 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47. The company's 50-day moving average is $38.98 and its 200-day moving average is $41.56. 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 $36.37 and a 1 year high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate 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 period 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 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.24 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.96 annualized dividend and a yield of 2.4%. CenterPoint Energy's dividend payout ratio is presently 56.47%.

CenterPoint Energy News Summary

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyCorp maintained an Overweight/Buy rating and a $44 price target, implying potential upside from recent trading levels. However, the firm lowered its Q3 2026 EPS estimate to $0.48 from $0.51. CenterPoint Energy Gets a Buy from KeyBanc
• Neutral Sentiment: KeyCorp’s longer-term EPS forecasts remain constructive, projecting earnings growth from $2.08 in FY2027 to $2.66 in FY2030, despite modest reductions to each forecast. The revisions suggest continued growth expectations but slightly less optimism about the pace of expansion. KeyCorp CenterPoint Energy estimates
• Neutral Sentiment: CenterPoint announced a $5.39122-per-note additional-interest payment on its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029. The payment benefits noteholders but represents a scheduled cash obligation for the company. CenterPoint Energy additional interest payment
• Negative Sentiment: Analyst sentiment softened as JPMorgan issued a pessimistic forecast and KeyCorp reduced its Q3 and FY2027–FY2030 EPS estimates. The cuts were small, but they may weigh on the stock by signaling more cautious expectations for future earnings. JPMorgan pessimistic CenterPoint Energy forecast CenterPoint Energy Q4 EPS estimate reduced
• Negative Sentiment: KeyCorp also lowered its price target to $44, limiting the near-term valuation catalyst even though it retained a bullish rating. KeyCorp cuts CenterPoint Energy price target

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNP. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, October 13th. BMO Capital Markets lowered their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, September 15th. They issued a "sector perform" rating and a $40.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Finally, Citigroup dropped their target price on shares of CenterPoint Energy from $47.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $44.38.

About CenterPoint Energy

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.

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