Pictet Asset Management Holding SA Sells 1,003,510 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Pictet Asset Management trimmed its CenterPoint stake by 11.4% in Q4, selling 1,003,510 shares and ending the period with 7,799,756 shares (about 1.19% of the company) valued at $299,043,000.
• CenterPoint reported Q1 non‑GAAP EPS of $0.56 (missed by $0.02) while revenue rose to $2.98B driven by data‑center demand, and management reiterated FY2026 guidance of $1.890–$1.910 EPS.
• Analysts hold a "Moderate Buy" consensus with a $44.15 average price target and several recent target increases (KeyCorp $47, Wells Fargo $48); the stock trades near $42.44 and pays a $0.23 quarterly dividend (2.2% yield).

Pictet Asset Management Holding SA trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,799,756 shares of the utilities provider's stock after selling 1,003,510 shares during the quarter. Pictet Asset Management Holding SA owned 1.19% of CenterPoint Energy worth $299,043,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CNP. Root Financial Partners LLC purchased a new stake in CenterPoint Energy in the 3rd quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $26,000. LRI Investments LLC grew its stake in CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider's stock worth $27,000 after purchasing an additional 355 shares in the last quarter. First Horizon Corp purchased a new position in CenterPoint Energy during the 3rd quarter worth $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in CenterPoint Energy during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CNP shares. KeyCorp increased their price target on CenterPoint Energy from $41.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 4th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research report on Monday, February 23rd. Bank of America increased their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an "overweight" rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Finally, Barclays boosted their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.15.

CenterPoint Energy Stock Down 0.1%

NYSE:CNP opened at $42.44 on Monday. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The stock has a market capitalization of $27.76 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The company's 50-day simple moving average is $43.03 and its 200-day simple moving average is $40.52.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy's payout ratio is 56.44%.

Trending Headlines about CenterPoint Energy

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: Q1 results showed revenue growth and stronger net income year-over-year, driven in part by regulatory recovery; management reiterated full-year 2026 guidance which reduces downside surprise risk. BusinessWire: Q1 results & guidance
• Positive Sentiment: Quarterly profit rose notably as data-center demand lifted electricity distribution volumes and margins, a demand trend that supports future earnings growth. Reuters: Profit rises on data-center demand
• Positive Sentiment: Truist Securities initiated coverage with a Buy, which can attract investor interest and provide support to the stock. MSN/Truist initiation
• Neutral Sentiment: Company provided earnings call materials and a full transcript for Q1 — useful for modeling but not an immediate catalyst. Seeking Alpha: Earnings call transcript
• Neutral Sentiment: FY-2026 EPS guidance was set at $1.890–$1.910, effectively in line with consensus — limits upside surprise but provides clarity to cash-flow expectations. MarketBeat: Guidance & metrics
• Negative Sentiment: Reported non-GAAP EPS of $0.56 missed the Street by ~$0.02, a modest miss that can prompt short-term selling pressure. Zacks: EPS missed estimates
• Negative Sentiment: Analysts and media flagged higher expenses and rising debt levels; debt-to-equity is elevated, which could limit capital flexibility if costs or rates change. Zacks: Expenses & debt concerns
• Negative Sentiment: CenterPoint disclosed an emerging regulatory/business risk that TipRanks says could threaten earnings, capital flexibility and shareholder returns — a potential longer-term headwind for the stock. TipRanks: Emerging business risks

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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