CenterPoint Energy, Inc. $CNP Stock Position Raised by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its CenterPoint Energy stake by 308.3% in the third quarter, adding 992,388 shares to own 1.31 million shares worth approximately $48.4 million. Institutional investors and hedge funds collectively hold 91.77% of CNP.
• CenterPoint reported quarterly EPS of $0.40, beating estimates of $0.37, while revenue reached $2.15 billion. The company maintained 2026 EPS guidance of $1.89–$1.91 and declared a quarterly dividend of $0.24 per share, yielding about 2.4% annually.
• Analyst sentiment remains cautiously positive, with nine Buy ratings and seven Holds producing a “Moderate Buy” consensus and a $44.38 average price target. However, several firms—including KeyCorp and Citigroup—recently lowered their price targets or earnings estimates.

Assenagon Asset Management S.A. boosted its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 308.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,314,241 shares of the utilities provider's stock after purchasing an additional 992,388 shares during the period. Assenagon Asset Management S.A. owned about 0.20% of CenterPoint Energy worth $48,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in shares of CenterPoint Energy by 80.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 115,534 shares of the utilities provider's stock worth $4,252,000 after purchasing an additional 51,437 shares in the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $234,000. Lincoln Capital Corp lifted its stake in CenterPoint Energy by 0.5% in the 3rd quarter. Lincoln Capital Corp now owns 78,692 shares of the utilities provider's stock valued at $2,896,000 after buying an additional 378 shares in the last quarter. Wedmont Private Capital lifted its stake in CenterPoint Energy by 43.3% in the 3rd quarter. Wedmont Private Capital now owns 8,287 shares of the utilities provider's stock valued at $305,000 after buying an additional 2,503 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in CenterPoint Energy by 18.1% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 224,769 shares of the utilities provider's stock valued at $8,271,000 after buying an additional 34,469 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy News Roundup

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 Trading Up 2.0%

CNP stock opened at $40.61 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.68 and a beta of 0.47. The business has a fifty day simple moving average of $38.98 and a 200-day simple moving average of $41.56. CenterPoint Energy, Inc. has a 52 week low of $36.37 and a 52 week high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous 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, equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.24 per share. 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 payout ratio is 56.47%.

Analyst Ratings Changes

A number of brokerages have commented on CNP. Citigroup lowered their target price on CenterPoint Energy from $47.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, October 8th. Wall Street Zen upgraded CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. BMO Capital Markets reduced their price objective 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. Evercore set a $43.00 price objective on CenterPoint Energy in a research note on Monday, August 17th. Finally, KeyCorp decreased their price objective on CenterPoint Energy from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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