Two Sigma Securities LLC Makes New $2.29 Million Investment in CenterPoint Energy, Inc. $CNP

Key Points

• Two Sigma Securities initiated a $2.29 million position in CenterPoint Energy, purchasing 51,899 shares during the second quarter. Institutional investors and hedge funds collectively own 91.77% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $45.36 versus the stock’s recent price of $39.24.
• CenterPoint reported quarterly EPS of $0.40, surpassing estimates of $0.37, and raised its quarterly dividend from $0.23 to $0.24 per share, implying a 2.4% annualized yield.

Two Sigma Securities LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 51,899 shares of the utilities provider's stock, valued at approximately $2,286,000.

Several other institutional investors also recently modified their holdings of CNP. Brighton Jones LLC bought a new stake in CenterPoint Energy during the 4th quarter worth $254,000. AQR Capital Management LLC increased its holdings in CenterPoint Energy by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider's stock worth $2,757,000 after purchasing an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider's stock valued at $2,525,000 after purchasing an additional 3,821 shares during the last quarter. Empowered Funds LLC raised its position in CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider's stock valued at $486,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in shares of CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock valued at $1,995,000 after purchasing an additional 15,922 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CNP shares. JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. BMO Capital Markets dropped their price objective 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. Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Truist Financial reduced their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy Stock Performance

CNP opened at $39.24 on Monday. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26. The company has a fifty day moving average of $42.32 and a 200-day moving average of $42.60. The stock has a market cap of $25.85 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the previous year, the business earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts predict 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. Stockholders of record on Thursday, August 20th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio (DPR) is presently 56.47%.

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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