Artemis Investment Management LLP Purchases 781,849 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Artemis Investment Management boosted its stake in CenterPoint Energy by 96% in Q4, buying 781,849 shares to hold 1,595,867 shares (about 0.24% of the company) valued at $61,186,000.
• Analysts give CenterPoint a consensus rating of "Moderate Buy" with a consensus target price of $44.15 (ratings break down: 1 Strong Buy, 7 Buy, 6 Hold, 1 Sell).
• CenterPoint declared a quarterly dividend of $0.23 (annualized $0.92) with an ex-dividend/record date of May 21 and payment on June 11, implying a ~2.1% yield and a 56.44% payout ratio.

Artemis Investment Management LLP increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,595,867 shares of the utilities provider's stock after acquiring an additional 781,849 shares during the quarter. Artemis Investment Management LLP owned approximately 0.24% of CenterPoint Energy worth $61,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC acquired a new position in CenterPoint Energy during the third quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CenterPoint Energy during the third quarter worth $26,000. LRI Investments LLC raised its holdings in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider's stock worth $27,000 after buying an additional 355 shares during the last quarter. First Horizon Corp acquired a new position in CenterPoint Energy during the third quarter worth $30,000. Finally, Atlantic Union Bankshares Corp acquired a new position in CenterPoint Energy during the third quarter worth $30,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CNP. Bank of America upped their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, April 15th. Truist Financial began coverage on shares of CenterPoint Energy in a report on Tuesday, April 21st. They set a "buy" rating and a $48.00 price objective on the stock. Citigroup restated a "neutral" rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Finally, Barclays increased their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.15.

CenterPoint Energy Stock Down 0.5%

Shares of NYSE CNP opened at $43.43 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The firm's fifty day moving average is $43.09 and its 200 day moving average is $40.61. The company has a market cap of $28.41 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.59 and a beta of 0.48.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the previous year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy's payout ratio is 56.44%.

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.

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