Bank of America Corp DE Invests $332.75 Million in CenterPoint Energy, Inc. $CNP

Key Points

• Bank of America acquired 7.56 million shares of CenterPoint Energy in the second quarter, valued at approximately $332.75 million and representing about 1.15% of the company. Institutional investors and hedge funds collectively own 91.77% of CNP.
• CenterPoint exceeded quarterly expectations, reporting $0.40 in EPS versus the $0.37 consensus and revenue of $2.15 billion. The company maintained fiscal 2026 EPS guidance of $1.89–$1.91.
• CenterPoint increased its quarterly dividend to $0.24 per share, or $0.96 annualized, yielding about 2.5%. Analysts have a “Moderate Buy” consensus rating with an average price target of $45, compared with a recent price of $38.31.

Bank of America Corp DE bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,555,699 shares of the utilities provider's stock, valued at approximately $332,753,000. Bank of America Corp DE owned about 1.15% of CenterPoint Energy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CNP. Keating Financial Advisory Services Inc. acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at $27,000. New Age Alpha Advisors LLC acquired a new stake in CenterPoint Energy during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in CenterPoint Energy by 49.6% during the 4th 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 during the period. Rothschild Investment LLC grew its position in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider's stock worth $28,000 after purchasing an additional 457 shares during the last quarter. Finally, MidFirst Bank purchased a new position in CenterPoint Energy during the 2nd quarter worth $38,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.9%

NYSE:CNP opened at $38.31 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a 1 year low of $37.22 and a 1 year high of $45.26. The stock has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $42.32. The stock has a market capitalization of $25.23 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.51 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 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 firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNP. KeyCorp reduced their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a report on Thursday, June 18th. Truist Financial dropped their price target on CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley reduced their price objective on CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Finally, BMO Capital Markets dropped their target price on CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.00.

About CenterPoint Energy

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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