Hsbc Holdings PLC Takes $49.32 Million Position in CenterPoint Energy, Inc. $CNP

Hsbc Holdings PLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,116,625 shares of the utilities provider's stock, valued at approximately $49,316,000. Hsbc Holdings PLC owned approximately 0.17% of CenterPoint Energy at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock valued at $27,000 after buying an additional 235 shares in the last quarter. Focus Financial Network Inc. increased its stake in CenterPoint Energy by 4.9% in the second quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider's stock valued at $224,000 after acquiring an additional 239 shares during the period. Zacks Investment Management lifted its stake in CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider's stock worth $1,208,000 after purchasing an additional 256 shares during the period. CX Institutional lifted its stake in CenterPoint Energy by 3.7% during the second quarter. CX Institutional now owns 7,643 shares of the utilities provider's stock worth $337,000 after purchasing an additional 275 shares during the period. Finally, Horizon Investments LLC boosted its stake in CenterPoint Energy by 3.2% in the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider's stock valued at $402,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Price Performance

CNP opened at $39.63 on Thursday. The stock has a market cap of $26.11 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.31 and a beta of 0.46. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month 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. The company has a fifty day simple moving average of $42.46 and a 200 day simple moving average of $42.61.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.24 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley reduced their price target on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. BMO Capital Markets lowered their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Evercore set a $43.00 target price on CenterPoint Energy in a research report on Monday, August 17th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $49.00 price target on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy has an average rating of "Moderate Buy" and a consensus target price of $45.36.

CenterPoint Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source