Corient Private Wealth LP Takes Position in CenterPoint Energy, Inc. $CNP

Key Points

• Corient Private Wealth LP acquired 69,398 shares of CenterPoint Energy in the second quarter, worth approximately $3.06 million. Institutional investors collectively own 91.77% of the utility’s stock.
• CenterPoint reported quarterly EPS of $0.40, exceeding the $0.37 analyst consensus, while revenue reached $2.15 billion. The company reaffirmed fiscal 2026 EPS guidance of $1.89–$1.91.
• CenterPoint raised its quarterly dividend from $0.23 to $0.24 per share, implying an annualized dividend of $0.96 and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $45.36.

Corient Private Wealth LP purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,398 shares of the utilities provider's stock, valued at approximately $3,056,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock worth $27,000 after buying an additional 235 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of CenterPoint Energy by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider's stock worth $224,000 after acquiring an additional 239 shares during the last quarter. Zacks Investment Management raised its holdings in shares of CenterPoint Energy by 0.8% during the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider's stock worth $1,208,000 after acquiring an additional 256 shares during the period. CX Institutional raised its holdings in shares of CenterPoint Energy by 3.7% during the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider's stock worth $337,000 after acquiring an additional 275 shares during the period. Finally, Horizon Investments LLC boosted its position in shares of CenterPoint Energy by 3.2% during the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider's stock valued at $402,000 after acquiring an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 0.4%

NYSE CNP opened at $39.43 on Wednesday. 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 market capitalization of $25.97 billion, a P/E ratio of 23.19, a PEG ratio of 2.62 and a beta of 0.46. The firm's 50-day moving average is $42.17 and its two-hundred day moving average is $42.58. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month high of $45.26.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.12 billion. During the same period last 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 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 given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. CenterPoint Energy's dividend payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNP. Morgan Stanley cut their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. BMO Capital Markets dropped their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Truist Financial cut their price target on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Wolfe Research reiterated an "outperform" rating and issued a $49.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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