Andra AP fonden Raises Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• Andra AP fonden increased its CenterPoint Energy stake by 76.6% in the second quarter, adding 79,549 shares to own 183,449 shares valued at approximately $8.1 million. Institutional investors collectively own 91.77% of the company.
• CenterPoint beat quarterly earnings expectations with $0.40 EPS versus the $0.37 consensus and revenue of $2.15 billion. The company raised its quarterly dividend to $0.24 per share, equivalent to a 2.5% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $44.93, above the reported share price of $37.85.

Andra AP fonden grew its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 76.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,449 shares of the utilities provider's stock after acquiring an additional 79,549 shares during the quarter. Andra AP fonden's holdings in CenterPoint Energy were worth $8,079,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CNP. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CenterPoint Energy by 13.2% during the 4th 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 purchasing an additional 6,794,535 shares during the last quarter. Capital Research Global Investors grew its stake in CenterPoint Energy by 1.1% during the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider's stock worth $802,916,000 after buying an additional 235,346 shares during the last quarter. Deutsche Bank AG acquired a new position in CenterPoint Energy during the 2nd quarter valued at about $770,871,000. Geode Capital Management LLC increased its position 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 in the last quarter. Finally, Norges Bank purchased a new stake in CenterPoint Energy in the fourth quarter valued at about $343,925,000. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $37.85 on Wednesday. The company has a market capitalization of $24.93 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.51 and a beta of 0.46. 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's fifty day moving average price is $40.62 and its 200 day moving average price is $42.17. CenterPoint Energy, Inc. has a 1 year low of $37.22 and a 1 year high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates 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 firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th were paid a dividend of $0.24 per share. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.5%. CenterPoint Energy's dividend payout ratio (DPR) is presently 56.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNP. Royal Bank Of Canada assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, September 15th. They issued a "sector perform" rating and a $40.00 price objective for the company. BMO Capital Markets dropped their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 22nd. KeyCorp cut their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Evercore set a $43.00 price target on shares of CenterPoint Energy in a report on Monday, August 17th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research note on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.93.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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