CenterPoint Energy, Inc. $CNP Shares Sold by Janus Henderson Group PLC

Key Points

• Janus Henderson Group cut its CenterPoint Energy stake by 60.9% in the first quarter, selling 168,057 shares and retaining 107,837 shares valued at approximately $4.66 million. Institutional investors collectively own 91.77% of the company.
• Analyst sentiment is broadly cautious, with an average rating of “Hold” and an average price target of $45.57. Recent targets range from $40 to $48.
• CenterPoint exceeded quarterly expectations, reporting EPS of $0.40 versus the $0.37 consensus and revenue of $2.15 billion. The company also raised its quarterly dividend to $0.24 per share, implying a 2.4% annualized yield.

Janus Henderson Group PLC reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 60.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,837 shares of the utilities provider's stock after selling 168,057 shares during the period. Janus Henderson Group PLC's holdings in CenterPoint Energy were worth $4,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in CenterPoint Energy during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock worth $27,000 after acquiring an additional 235 shares during the period. Rothschild Investment LLC boosted its position in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 457 shares during the last quarter. DV Equities LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at about $35,000. Finally, Rexford Capital Inc. purchased a new stake in shares of CenterPoint Energy in the first quarter valued at about $39,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CNP shares. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company reaffirmed an "overweight" rating and set a $48.00 price target on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Truist Financial lowered their price objective on CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley set a $40.00 target price on CenterPoint Energy in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.57.

CenterPoint Energy Stock Performance

NYSE CNP opened at $40.65 on Friday. The company has a market cap of $26.77 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.41 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The stock has a 50-day moving average of $43.10 and a two-hundred day moving average of $42.56. CenterPoint Energy, Inc. has a 1-year low of $36.60 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $2.12 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued 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 dividend payout ratio (DPR) is currently 54.12%.

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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