CenterPoint Energy, Inc. $CNP Stake Increased by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its CenterPoint Energy stake by 80.2% in the third quarter, bringing its holdings to 115,534 shares valued at approximately $4.25 million.
• Institutional investors own 91.77% of CenterPoint Energy, with major additions from T. Rowe Price and new positions from Deutsche Bank, Bank of America, Legal & General, and GQG Partners.
• CenterPoint reported quarterly EPS of $0.40, exceeding the $0.37 consensus estimate, and maintained 2026 EPS guidance of $1.89–$1.91. Analysts retain a “Moderate Buy” consensus with an average price target of $44.38, while the company’s quarterly dividend implies a 2.4% yield.

State of Alaska Department of Revenue boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 80.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,534 shares of the utilities provider's stock after purchasing an additional 51,437 shares during the quarter. State of Alaska Department of Revenue's holdings in CenterPoint Energy were worth $4,252,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider's stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. Deutsche Bank AG acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $770,871,000. Bank of America Corp DE acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $332,753,000. Legal & General Group Plc acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $250,273,000. Finally, GQG Partners LLC bought a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $176,574,000. Institutional investors own 91.77% of the company's stock.

More CenterPoint Energy News

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyCorp maintained an Overweight/Buy rating and a $44 price target, implying potential upside from recent trading levels. However, the firm lowered its Q3 2026 EPS estimate to $0.48 from $0.51. CenterPoint Energy Gets a Buy from KeyBanc
• Neutral Sentiment: KeyCorp’s longer-term EPS forecasts remain constructive, projecting earnings growth from $2.08 in FY2027 to $2.66 in FY2030, despite modest reductions to each forecast. The revisions suggest continued growth expectations but slightly less optimism about the pace of expansion. KeyCorp CenterPoint Energy estimates
• Neutral Sentiment: CenterPoint announced a $5.39122-per-note additional-interest payment on its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029. The payment benefits noteholders but represents a scheduled cash obligation for the company. CenterPoint Energy additional interest payment
• Negative Sentiment: Analyst sentiment softened as JPMorgan issued a pessimistic forecast and KeyCorp reduced its Q3 and FY2027–FY2030 EPS estimates. The cuts were small, but they may weigh on the stock by signaling more cautious expectations for future earnings. JPMorgan pessimistic CenterPoint Energy forecast CenterPoint Energy Q4 EPS estimate reduced
• Negative Sentiment: KeyCorp also lowered its price target to $44, limiting the near-term valuation catalyst even though it retained a bullish rating. KeyCorp cuts CenterPoint Energy price target

CenterPoint Energy Price Performance

Shares of NYSE CNP traded up $0.81 during midday trading on Friday, reaching $40.61. 6,228,624 shares of the company were exchanged, compared to its average volume of 6,839,346. The stock's 50-day moving average price is $38.98 and its 200-day moving average price is $41.56. The stock has a market cap of $26.75 billion, a P/E ratio of 23.89, a PEG ratio of 2.63 and a beta of 0.47. CenterPoint Energy, Inc. has a one year low of $36.37 and a one year 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.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy's dividend payout ratio is presently 56.47%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CNP shares. Royal Bank Of Canada assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, September 15th. They set a "sector perform" rating and a $40.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a report on Friday, September 11th. Citigroup dropped their price objective on CenterPoint Energy from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, October 8th. Evercore set a $43.00 price objective on CenterPoint Energy in a research note on Monday, August 17th. Finally, Wall Street Zen raised CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $44.38.

CenterPoint Energy Profile

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.

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