CenterPoint Energy, Inc. $CNP Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its CenterPoint Energy stake by 1,230.2% in the second quarter, buying 297,657 additional shares for a total holding valued at approximately $14.2 million. Institutional investors and hedge funds collectively own 91.77% of the company.
• Analysts maintain a consensus “Hold” rating on CNP, with an average price target of $45.57; the stock recently traded at $39.99. CenterPoint’s latest quarterly results exceeded expectations, with EPS of $0.40 versus a $0.37 estimate and revenue of $2.15 billion.
• CenterPoint raised its quarterly dividend from $0.23 to $0.24 per share, equivalent to an annualized $0.96 dividend and a 2.4% yield.

Assenagon Asset Management S.A. lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 1,230.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 321,853 shares of the utilities provider's stock after purchasing an additional 297,657 shares during the period. Assenagon Asset Management S.A.'s holdings in CenterPoint Energy were worth $14,174,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $254,000. AQR Capital Management LLC raised its holdings in shares of CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider's stock worth $2,757,000 after purchasing an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CenterPoint Energy by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider's stock worth $2,525,000 after buying an additional 3,821 shares during the last quarter. Empowered Funds LLC lifted its position in shares of CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider's stock worth $486,000 after buying an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock valued at $1,995,000 after buying an additional 15,922 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNP shares. Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. BMO Capital Markets cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Barclays lifted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 15th. 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. Finally, Evercore set a $45.00 price target on CenterPoint Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of "Hold" and an average target price of $45.57.

CenterPoint Energy Trading Down 1.7%

CenterPoint Energy stock opened at $39.99 on Tuesday. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26. 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 capitalization of $26.34 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.41 and a beta of 0.46. The firm has a 50-day moving average price of $43.04 and a two-hundred day moving average price of $42.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.12 billion. During the same quarter last year, the business earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given 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 is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. CenterPoint Energy's payout ratio is presently 54.12%.

CenterPoint Energy 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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