Duff & Phelps Investment Management Co. Raises Position in CenterPoint Energy, Inc. $CNP

Key Points

• Duff & Phelps raised its stake in CenterPoint Energy by 3.7% in Q3 to 3,728,380 shares (about $144.66M), making CNP its 14th largest holding.
• CenterPoint reported Q results with $0.45 EPS (missed by $0.01) and $2.51B revenue (beat), set FY2026 guidance of 1.900 EPS, and increased its quarterly dividend to $0.23 (annualized $0.92, ~2.1% yield).
• Institutional ownership is high at 91.77%, with notable moves including Norges Bank's new ~$313M stake and Vanguard holding 81.36M shares.

Duff & Phelps Investment Management Co. boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,728,380 shares of the utilities provider's stock after buying an additional 131,887 shares during the period. CenterPoint Energy makes up about 1.6% of Duff & Phelps Investment Management Co.'s holdings, making the stock its 14th largest holding. Duff & Phelps Investment Management Co. owned 0.57% of CenterPoint Energy worth $144,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNP. Norges Bank purchased a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $313,456,000. Marshall Wace LLP boosted its position in shares of CenterPoint Energy by 3,842.1% during the 2nd quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider's stock valued at $59,135,000 after acquiring an additional 1,568,714 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CenterPoint Energy by 1.6% during the second quarter. Vanguard Group Inc. now owns 81,362,433 shares of the utilities provider's stock worth $2,989,256,000 after purchasing an additional 1,301,374 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of CenterPoint Energy by 15.4% during the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider's stock worth $280,146,000 after purchasing an additional 962,910 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of CenterPoint Energy in the third quarter worth approximately $35,993,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $42.94 on Thursday. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.56 and a beta of 0.58. The business has a 50 day moving average of $40.76 and a 200 day moving average of $39.43. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. CenterPoint Energy, Inc. has a 1-year low of $34.29 and a 1-year high of $44.04.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter in the previous year, the business earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.22. CenterPoint Energy's payout ratio is 57.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNP. Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Monday, February 23rd. BMO Capital Markets raised shares of CenterPoint Energy from a "market perform" rating to an "outperform" rating and set a $42.00 price target for the company in a research note on Tuesday, January 13th. Citigroup reissued a "neutral" rating on shares of CenterPoint Energy in a report on Thursday, February 19th. UBS Group lowered their price objective on shares of CenterPoint Energy from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, December 11th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.55.

CenterPoint Energy Company Profile

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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