Korea Investment CORP Sells 122,864 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Korea Investment CORP sold 122,864 shares of CenterPoint Energy, cutting its stake by 24.6% to 375,933 shares (about $14.59 million), representing roughly 0.06% of the company.
• CenterPoint reported $0.45 EPS (missing estimates by $0.01) while beating revenue expectations at $2.51 billion, and set FY2026 guidance near 1.90 EPS.
• The company raised its quarterly dividend to $0.23 (annualized $0.92) for a ~2.1% yield, with an ex-dividend date of Feb. 19 and payment on Mar. 12.

Korea Investment CORP cut its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 375,933 shares of the utilities provider's stock after selling 122,864 shares during the period. Korea Investment CORP owned 0.06% of CenterPoint Energy worth $14,586,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CenterPoint Energy during the third quarter worth $26,000. LRI Investments LLC raised its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider's stock worth $27,000 after acquiring an additional 355 shares in the last quarter. First Horizon Corp bought a new stake in CenterPoint Energy during the third quarter worth $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in CenterPoint Energy in the third quarter valued at $30,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNP. BMO Capital Markets raised shares of CenterPoint Energy from a "market perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a research report on Tuesday, January 13th. Citigroup reiterated a "neutral" rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Barclays reduced their price target on CenterPoint Energy from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, January 15th. Wells Fargo & Company boosted their price target on CenterPoint Energy from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Finally, UBS Group dropped their price objective on CenterPoint Energy from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.55.

CenterPoint Energy Stock Performance

Shares of CNP stock 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 company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The company has a 50-day simple moving average of $40.76 and a 200 day simple moving average of $39.43. CenterPoint Energy, Inc. has a 52 week low of $34.29 and a 52 week high of $44.04.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced 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 company had revenue of $2.51 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.40 EPS. 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 year.

CenterPoint Energy Increases Dividend

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

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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