B. Metzler seel. Sohn & Co. AG Makes New Investment in CenterPoint Energy, Inc. $CNP

B. Metzler seel. Sohn & Co. AG acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 56,697 shares of the utilities provider's stock, valued at approximately $2,497,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Capital Advisors LP purchased a new position in CenterPoint Energy in the second quarter valued at $56,492,000. Silvant Capital Management LLC purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $94,000. Ceredex Value Advisors LLC purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $25,988,000. D L Carlson Investment Group Inc. acquired a new position in shares of CenterPoint Energy during the 2nd quarter worth about $2,425,000. Finally, Ninepoint Partners LP acquired a new position in shares of CenterPoint Energy during the 2nd quarter worth about $1,567,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CNP shares. BMO Capital Markets lowered their target price on CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Wolfe Research reaffirmed an "outperform" rating and set a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday. Evercore set a $43.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.36.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $38.81 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The company's 50-day moving average price is $42.69 and its 200 day moving average price is $42.61. CenterPoint Energy, Inc. has a 52 week low of $36.60 and a 52 week high of $45.26. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46.

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, topping analysts' consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

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

CenterPoint Energy Company Profile

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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