CenterPoint Energy, Inc. $CNP Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its CenterPoint Energy stake by 11.4% in the second quarter, adding 113,888 shares for a total of 1.12 million shares valued at approximately $49.3 million. Institutional investors and hedge funds collectively own 91.77% of the stock.
• Analysts maintain a “Moderate Buy” consensus on CNP, with nine Buy ratings and eight Holds and an average price target of $45.36, above the reported share price of $39.63.
• CenterPoint Energy raised its quarterly dividend to $0.24 per share, equivalent to a $0.96 annualized payout and a 2.4% yield. Its latest quarterly earnings of $0.40 per share exceeded estimates of $0.37.

Hsbc Holdings PLC grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,116,625 shares of the utilities provider's stock after buying an additional 113,888 shares during the period. Hsbc Holdings PLC owned 0.17% of CenterPoint Energy worth $49,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Pointe Advisors LLC acquired a new stake in CenterPoint Energy in the 2nd quarter valued at approximately $606,000. Kimelman & Baird LLC acquired a new position in CenterPoint Energy during the 2nd quarter worth $62,000. Pin Oak Investment Advisors Inc. acquired a new position in CenterPoint Energy during the 2nd quarter worth $44,000. Rakuten Investment Management Inc. bought a new position in shares of CenterPoint Energy in the second quarter worth $4,789,000. Finally, Empowered Funds LLC acquired a new position in shares of CenterPoint Energy during the second quarter valued at $1,559,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CNP shares. Wall Street Zen upgraded shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. BTIG Research assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They issued a "neutral" rating for the company. Wolfe Research reissued an "outperform" rating and set a $49.00 target price on shares of CenterPoint Energy in a research note on Wednesday, July 29th. KeyCorp dropped their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy Price Performance

NYSE CNP opened at $39.63 on Tuesday. The stock has a market capitalization of $26.11 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.62 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $37.13 and a 1 year high of $45.26. The business's fifty day moving average is $41.79 and its two-hundred day moving average is $42.50. 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 (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal 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 issued 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 dividend yield of 2.4%. 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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