CenterPoint Energy, Inc. $CNP Stock Holdings Lifted by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its CenterPoint Energy stake by 18.1% in the third quarter, bringing its holdings to 224,769 shares valued at approximately $8.27 million. Institutional investors collectively own 91.77% of CNP.
• Analysts maintain a generally positive outlook, with nine Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $44.81, above the reported share price of $38.61.
• CenterPoint reported quarterly EPS of $0.40, exceeding estimates of $0.37, and declared a quarterly dividend of $0.24 per share, equivalent to an annualized $0.96 payout and a 2.5% yield.

Mn Services Vermogensbeheer B.V. increased its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,769 shares of the utilities provider's stock after buying an additional 34,469 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in CenterPoint Energy were worth $8,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. Deutsche Bank AG bought a new position in CenterPoint Energy in the 2nd quarter worth about $770,871,000. Bank of America Corp DE bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $332,753,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider's stock valued at $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. Legal & General Group Plc purchased 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 position in CenterPoint Energy in the second quarter worth approximately $176,574,000. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNP. BMO Capital Markets dropped their price target on CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada initiated coverage on shares of CenterPoint Energy in a research report on Tuesday, September 15th. They issued a "sector perform" rating and a $40.00 price objective on the stock. Truist Financial decreased their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Morgan Stanley lowered their target price on shares of CenterPoint Energy from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Finally, KeyCorp cut their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CenterPoint Energy presently has an average rating of "Moderate Buy" and a consensus target price of $44.81.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $38.61 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $25.44 billion, a PE ratio of 22.71, a P/E/G ratio of 2.54 and a beta of 0.47. The business has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $41.64. CenterPoint Energy, Inc. has a fifty-two week low of $36.37 and a fifty-two week 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 for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for 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 quarter in the previous year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. CenterPoint Energy's dividend payout ratio is presently 56.47%.

CenterPoint Energy Company 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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