HighTower Advisors LLC Reduces Stake in CenterPoint Energy, Inc. $CNP

Key Points

• HighTower Advisors reduced its CenterPoint Energy stake by 21.5% in the second quarter, selling 28,493 shares and retaining 104,231 shares valued at approximately $4.59 million. Institutional investors collectively own 91.77% of CNP.
• 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.
• The company increased its quarterly dividend to $0.24 per share, equivalent to an annualized $0.96 payout and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $45.36.

HighTower Advisors LLC lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,231 shares of the utilities provider's stock after selling 28,493 shares during the quarter. HighTower Advisors LLC's holdings in CenterPoint Energy were worth $4,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of CenterPoint Energy by 49.6% during the 4th 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 in the last quarter. Focus Financial Network Inc. raised its stake in CenterPoint Energy by 4.9% during the second quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider's stock worth $224,000 after purchasing an additional 239 shares during the period. Zacks Investment Management boosted its holdings in shares of CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider's stock valued at $1,208,000 after purchasing an additional 256 shares during the last quarter. CX Institutional grew its stake 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 valued at $337,000 after buying an additional 275 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of CenterPoint Energy by 6.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider's stock valued at $206,000 after buying an additional 333 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $39.14 on Friday. The company has a market cap of $25.78 billion, a P/E ratio of 23.02, a PEG ratio of 2.59 and a beta of 0.46. The business has a 50 day moving average of $41.41 and a two-hundred day moving average of $42.42. CenterPoint Energy, Inc. has a 52 week low of $37.22 and a 52 week high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

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, topping analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the prior year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th were given a dividend of $0.24 per share. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. CenterPoint Energy's payout ratio is presently 56.47%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wolfe Research restated an "outperform" rating and set a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. BTIG Research began coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a "neutral" rating for the company. Truist Financial dropped their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research report on Thursday, June 18th. Finally, BMO Capital Markets cut their target price 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. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $45.36.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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