Energy Income Partners LLC Acquires New Shares in CenterPoint Energy, Inc. $CNP

Energy Income Partners LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,348,478 shares of the utilities provider's stock, valued at approximately $103,427,000. CenterPoint Energy makes up 1.6% of Energy Income Partners LLC's portfolio, making the stock its 20th largest position. Energy Income Partners LLC owned 0.36% of CenterPoint Energy at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CNP. Meeder Advisory Services Inc. purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $360,000. Citizens Financial Group Inc. RI purchased a new stake in shares of CenterPoint Energy in the second quarter worth about $570,000. MidFirst Bank bought a new position in shares of CenterPoint Energy in the second quarter valued at approximately $38,000. Deutsche Bank AG purchased a new position in CenterPoint Energy during the second quarter valued at approximately $770,871,000. Finally, Phillips Wealth Planners LLC purchased a new position in shares of CenterPoint Energy during the 2nd quarter valued at $231,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Down 0.1%

CNP stock opened at $40.59 on Wednesday. The company has a market capitalization of $26.73 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26. The company's 50 day moving average price is $42.86 and its two-hundred day moving average price is $42.62.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the prior year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy's payout ratio is 54.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CNP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Wells Fargo & Company reiterated an "overweight" rating and set a $48.00 price target on shares of CenterPoint Energy in a research report on Tuesday, April 21st. BTIG Research initiated coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a "neutral" rating for the company. Truist Financial lowered their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research report on Thursday, June 18th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.43.

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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