CenterPoint Energy, Inc. $CNP Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its CenterPoint Energy stake by 448.5% in the second quarter, purchasing 106,605 additional shares and bringing its holdings to 130,375 shares worth approximately $5.7 million.
• Institutional ownership remains high at 91.77%, with California State Teachers Retirement System making a particularly large increase. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $45.36.
• CenterPoint reported quarterly EPS of $0.40, exceeding estimates of $0.37, and raised its quarterly dividend from $0.23 to $0.24 per share, equivalent to a 2.5% annualized yield.

Tidal Investments LLC raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 448.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 130,375 shares of the utilities provider's stock after buying an additional 106,605 shares during the period. Tidal Investments LLC's holdings in CenterPoint Energy were worth $5,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CNP. California State Teachers Retirement System grew its stake in shares of CenterPoint Energy by 4,309.9% during the 2nd quarter. California State Teachers Retirement System now owns 33,404,472 shares of the utilities provider's stock worth $1,471,133,000 after purchasing an additional 32,646,983 shares during the period. Hsbc Holdings PLC acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at $49,316,000. Capital Research Global Investors lifted its stake in shares of CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider's stock valued at $802,916,000 after purchasing an additional 235,346 shares during the period. Ilmarinen Mutual Pension Insurance Co purchased a new stake in CenterPoint Energy during the fourth quarter worth $3,834,000. Finally, Stack Financial Management Inc purchased a new stake in CenterPoint Energy during the second quarter worth $31,624,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CNP. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research report on Monday, August 17th. 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. Weiss Ratings restated a "buy (b)" rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, CenterPoint Energy currently has an average rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.14 on Monday. The firm has a market cap of $25.78 billion, a PE ratio of 23.02, a PEG ratio of 2.59 and a beta of 0.46. The firm has a fifty day moving average of $41.41 and a 200 day moving average of $42.42. 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 $37.22 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data 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. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 20th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio is 56.47%.

CenterPoint Energy Profile

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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