BROOKFIELD Corp ON Sells 233,062 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• BROOKFIELD Corp ON reduced its CenterPoint Energy stake by 5.2%, selling 233,062 shares and retaining 4.27 million shares valued at approximately $184.3 million.
• Other institutional investors increased their positions, including T. Rowe Price, UBS, Jennison Associates, and Merewether Investment Management; institutions collectively own 91.77% of CenterPoint’s shares.
• CenterPoint raised its quarterly dividend to $0.24 per share, while analyst sentiment remains mixed: earnings estimates improved and Zacks rated the stock a Buy, but the overall analyst consensus is Hold with a $45.38 average price target.

BROOKFIELD Corp ON lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,270,311 shares of the utilities provider's stock after selling 233,062 shares during the period. CenterPoint Energy makes up about 0.2% of BROOKFIELD Corp ON's holdings, making the stock its 13th biggest holding. BROOKFIELD Corp ON owned 0.65% of CenterPoint Energy worth $184,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CNP. Norges Bank bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $343,925,000. T. Rowe Price Investment Management Inc. increased its stake in CenterPoint Energy by 13.2% in the fourth 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 acquiring an additional 6,794,535 shares during the last quarter. UBS Group AG increased its stake in CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider's stock valued at $278,390,000 after acquiring an additional 1,728,865 shares during the last quarter. Jennison Associates LLC increased its stake in CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider's stock valued at $296,096,000 after acquiring an additional 1,256,993 shares during the last quarter. Finally, Merewether Investment Management LP raised its position in CenterPoint Energy by 85.5% during the third quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider's stock valued at $96,748,000 after purchasing an additional 1,149,637 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy News Roundup

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyCorp lifted its FY2026 EPS estimate for CenterPoint Energy to $1.91, matching the consensus and signaling confidence in near-term earnings. MarketBeat CNP report
• Positive Sentiment: KeyCorp also increased its Q2, Q3, FY2027, FY2028, FY2029, and FY2030 earnings estimates, reinforcing a more constructive long-term outlook for CenterPoint Energy. MarketBeat CNP report
• Positive Sentiment: Zacks upgraded CenterPoint Energy to Rank #2 (Buy), which may attract additional investors looking for improving earnings momentum. Article: What Makes CenterPoint (CNP) a New Buy Stock
• Neutral Sentiment: Another Zacks note highlighted CenterPoint as a possible dividend stock, but did not provide a major new catalyst on its own. Article: CenterPoint Energy (CNP) Could Be a Great Choice
• Neutral Sentiment: KeyCorp trimmed its Q4 2026 EPS estimate slightly and BMO Capital Markets reportedly lowered expectations, but these moves were modest and partly offset by the broader round of upward revisions. Article: Centerpoint Energy (CNP) Receives a Hold from Morgan Stanley
• Negative Sentiment: Morgan Stanley reportedly initiated or maintained a Hold view on CenterPoint Energy, which may temper enthusiasm somewhat. Article: Centerpoint Energy (CNP) Receives a Hold from Morgan Stanley

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $44.59 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The stock has a market cap of $29.17 billion, a PE ratio of 27.36, a PEG ratio of 2.64 and a beta of 0.46. The company's fifty day moving average is $43.16 and its 200 day moving average is $42.33. CenterPoint Energy, Inc. has a 52 week low of $36.60 and a 52 week high of $45.22.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.24 dividend. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy's dividend payout ratio is presently 56.44%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNP. Morgan Stanley set a $40.00 price target on CenterPoint Energy in a research note on Wednesday. Evercore set a $45.00 price objective on CenterPoint Energy in a research report on Monday, May 4th. Barclays raised their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Finally, Truist Financial cut their target price on CenterPoint Energy from $48.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.38.

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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