Kayne Anderson Capital Advisors LP Acquires New Stake in CenterPoint Energy, Inc. $CNP

Key Points

• Kayne Anderson Capital Advisors acquired 1.28 million CenterPoint Energy shares worth approximately $56.5 million, giving it a 0.19% stake and making CNP its 19th-largest holding.
• Analyst sentiment is mixed but generally constructive: CNP has a consensus “Hold” rating and an average price target of $45.43, compared with a recent share price of $40.20.
• CenterPoint exceeded quarterly earnings expectations with EPS of $0.40 versus $0.37 expected and raised its quarterly dividend from $0.23 to $0.24, producing a 2.4% annualized yield.

Kayne Anderson Capital Advisors LP bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,282,748 shares of the utilities provider's stock, valued at approximately $56,492,000. CenterPoint Energy comprises approximately 1.1% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 19th largest holding. Kayne Anderson Capital Advisors LP owned 0.19% of CenterPoint Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC raised its position in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider's stock worth $28,000 after acquiring an additional 457 shares during the last quarter. DV Equities LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter worth approximately $35,000. Finally, MidFirst Bank acquired a new position in shares of CenterPoint Energy in the second quarter worth approximately $38,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley set a $40.00 target price on CenterPoint Energy in a report on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Wolfe Research reaffirmed an "outperform" rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Wall Street Zen raised shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.43.

CenterPoint Energy Stock Down 0.5%

Shares of CenterPoint Energy stock opened at $40.20 on Friday. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26. 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's 50-day moving average is $42.77 and its 200 day moving average is $42.63. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.39 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS 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 business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. During the same quarter last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current 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 $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 an increase from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio (DPR) is presently 56.47%.

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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