B. Metzler seel. Sohn & Co. AG boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 100.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,697 shares of the utilities provider's stock after purchasing an additional 28,473 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CenterPoint Energy were worth $2,497,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CNP. T. Rowe Price Investment Management Inc. boosted its stake in 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 boosted its position in shares of CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider's stock valued at $802,916,000 after buying an additional 235,346 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $770,871,000. Geode Capital Management LLC grew its holdings in CenterPoint Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider's stock worth $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 4th quarter valued at $343,925,000. 91.77% of the stock is owned by institutional investors and hedge funds.
CenterPoint Energy Trading Down 0.9%
Shares of CNP stock opened at $39.63 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The firm has a market cap of $26.11 billion, a P/E ratio of 23.31, a PEG ratio of 2.64 and a beta of 0.46. The company has a 50 day moving average of $41.89 and a 200-day moving average of $42.52. CenterPoint Energy, Inc. has a 12-month low of $37.13 and a 12-month high of $45.26.
CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.
CenterPoint Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. CenterPoint Energy's payout ratio is currently 56.47%.
Analyst Ratings Changes
Several brokerages have weighed in on CNP. KeyCorp dropped their price objective on CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Wolfe Research restated an "outperform" rating and set a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Finally, Morgan Stanley reduced their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, CenterPoint Energy has an average rating of "Moderate Buy" and an average price target of $45.36.
View Our Latest Analysis on CNP
CenterPoint Energy Company Profile
(
Free Report)
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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