Commerce Bank Makes New $3.14 Million Investment in CenterPoint Energy, Inc. $CNP

Commerce Bank bought a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 71,204 shares of the utilities provider's stock, valued at approximately $3,136,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in CenterPoint Energy in the fourth quarter worth $254,000. AQR Capital Management LLC lifted its position in CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider's stock valued at $2,757,000 after buying an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider's stock valued at $2,525,000 after buying an additional 3,821 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider's stock valued at $486,000 after buying an additional 1,384 shares in the last quarter. Finally, Woodline Partners LP grew its position in shares of CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock worth $1,995,000 after buying an additional 15,922 shares during the period. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Up 0.8%

NYSE CNP opened at $39.09 on Tuesday. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The stock's fifty day moving average price is $42.61 and its 200-day moving average price is $42.62. The stock has a market cap of $25.75 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.30 and a beta of 0.46.

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, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during 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 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.5%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy's dividend payout ratio is presently 56.47%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wolfe Research reiterated an "outperform" rating and issued a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. BMO Capital Markets dropped their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a report on Thursday, June 18th. JPMorgan Chase & Co. raised their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Finally, KeyCorp lowered their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, CenterPoint Energy presently has a consensus rating of "Moderate Buy" and an average price target of $45.36.

About CenterPoint Energy

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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