CenterPoint Energy, Inc. $CNP Shares Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its CenterPoint Energy stake by 57.6% in the second quarter, purchasing 210,564 additional shares and bringing its holdings to 576,283 shares worth approximately $25.4 million.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $45.36. CenterPoint also exceeded quarterly earnings and revenue estimates, reporting $0.40 EPS and $2.15 billion in revenue.
• CenterPoint raised its quarterly dividend from $0.23 to $0.24 per share, representing an annualized payout of $0.96 and a 2.4% yield.

Alyeska Investment Group L.P. boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 57.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 576,283 shares of the utilities provider's stock after buying an additional 210,564 shares during the quarter. Alyeska Investment Group L.P. owned 0.09% of CenterPoint Energy worth $25,380,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CNP has been the subject of a number of analyst reports. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Wolfe Research reiterated an "outperform" rating and issued a $49.00 target price on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Morgan Stanley decreased their target price on shares of 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, Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a report on Monday, June 15th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of "Moderate Buy" and an average target price of $45.36.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $39.69 on Tuesday. The business's 50 day moving average price is $42.25 and its 200 day moving average price is $42.59. The company has a market cap of $26.14 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.32 and a beta of 0.46. 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 one year low of $36.60 and a one year high of $45.26.

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 the consensus estimate of $0.37 by $0.03. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the prior year, the business earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm 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 $0.24 dividend. The ex-dividend date is Thursday, August 20th. 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 2.4%. CenterPoint Energy's dividend payout ratio (DPR) is currently 56.47%.

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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