Barrow Hanley Mewhinney & Strauss LLC Acquires Shares of 3,420,488 CenterPoint Energy, Inc. $CNP

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 3.42 million CenterPoint Energy shares worth approximately $150.6 million, taking a 0.52% stake. Institutional investors collectively own 91.77% of the utility’s stock.
• Analysts maintain a cautiously positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $45.36, despite several recent target-price reductions.
• CenterPoint beat quarterly earnings and revenue expectations, while raising its quarterly dividend to $0.24 per share from $0.23, resulting in an annualized dividend of $0.96 and a 2.5% yield.

Barrow Hanley Mewhinney & Strauss LLC bought a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,420,488 shares of the utilities provider's stock, valued at approximately $150,638,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.52% of CenterPoint Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Haverford Trust Co acquired a new position in CenterPoint Energy in the 2nd quarter worth about $393,000. Bank of Nova Scotia acquired a new stake in shares of CenterPoint Energy in the second quarter worth $9,870,000. Elevation Point Wealth Partners LLC bought a new stake in CenterPoint Energy during the second quarter valued at about $1,646,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in CenterPoint Energy in the 2nd quarter valued at approximately $1,276,000. Finally, Commerce Bank bought a new position in CenterPoint Energy during the second quarter worth $3,136,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CNP. Truist Financial cut their target price on CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Morgan Stanley dropped their price target on CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday. KeyCorp reduced their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.36.

CenterPoint Energy Stock Up 0.1%

NYSE:CNP opened at $38.81 on Monday. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26. The stock's 50 day moving average price is $42.69 and its two-hundred day moving average price is $42.63. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $2.12 billion. During the same period in the prior year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company 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. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy's dividend payout ratio (DPR) is currently 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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