UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in CenterPoint Energy, Inc. $CNP

Key Points

• UBS Asset Management increased its CenterPoint Energy stake by 13.1% in the second quarter, acquiring 413,363 additional shares for a total holding of 3.57 million shares valued at approximately $157.4 million. Institutional investors collectively own 91.77% of the company.
• CenterPoint Energy beat quarterly expectations, reporting $0.40 in earnings per share on $2.15 billion in revenue, compared with estimates of $0.37 EPS and $2.12 billion in revenue. The company guided to fiscal 2026 EPS of $1.89–$1.91.
• The utility raised its quarterly dividend from $0.23 to $0.24 per share, equating to an annualized dividend of $0.96 and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $45.36.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,574,564 shares of the utilities provider's stock after acquiring an additional 413,363 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.54% of CenterPoint Energy worth $157,424,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in shares of CenterPoint Energy during the 2nd quarter worth about $27,000. Rothschild Investment LLC grew its holdings 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 buying an additional 457 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Stock Performance

Shares of NYSE:CNP opened at $39.43 on Wednesday. The business has a 50-day moving average of $42.17 and a two-hundred day moving average of $42.58. The firm has a market capitalization of $25.97 billion, a PE ratio of 23.19, a P/E/G ratio of 2.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share 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 return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy's payout ratio is presently 56.47%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNP shares. Wolfe Research reissued an "outperform" rating and set a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research note on Thursday, June 18th. BMO Capital Markets cut their price target on CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. KeyCorp reduced their price target on CenterPoint Energy from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of CenterPoint Energy in a report on Monday, June 15th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.