Sanctuary Advisors LLC Buys Shares of 45,996 CenterPoint Energy, Inc. $CNP

Sanctuary Advisors LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,996 shares of the utilities provider's stock, valued at approximately $2,026,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CenterPoint Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider's stock valued at $3,158,492,000 after purchasing an additional 719,803 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in CenterPoint Energy by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider's stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. Capital Research Global Investors boosted its holdings in CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider's stock valued at $802,916,000 after purchasing an additional 235,346 shares during the last quarter. Deutsche Bank AG acquired a new position in CenterPoint Energy in the 2nd quarter valued at about $770,871,000. Finally, Geode Capital Management LLC grew its stake in shares of CenterPoint Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider's stock valued at $650,189,000 after buying an additional 166,305 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CNP shares. BMO Capital Markets cut their price target 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. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a "neutral" rating for the company. Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday, August 17th. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. 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 analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $39.63 on Thursday. The firm's 50 day moving average price is $42.46 and its 200-day moving average price is $42.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26. The firm 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 (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same quarter in the previous year, the business earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. CenterPoint Energy's dividend payout ratio (DPR) is currently 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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