Wealthfront Advisers LLC Has $5.82 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• Wealthfront Advisers LLC increased its stake in CenterPoint Energy by 37.7% to 151,766 shares, valued at about $5.82 million at the end of the quarter.
• Large institutional moves included UBS adding 1.73 million shares to hold 7.26 million shares (~$278.4M) and Vanguard holding 82.38 million shares (~$3.16B), with institutions owning 91.77% of the stock.
• CenterPoint reported Q results of $0.56 EPS (vs. $0.58 est.) and revenue of $2.98B (vs. $1.98B est.), set FY2026 guidance of 1.890–1.910 EPS, and declared a quarterly dividend of $0.23 (annualized $0.92, yield 2.1%, ex-dividend May 21).

Wealthfront Advisers LLC lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,766 shares of the utilities provider's stock after purchasing an additional 41,556 shares during the period. Wealthfront Advisers LLC's holdings in CenterPoint Energy were worth $5,819,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CNP. Torren Management LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth about $68,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CenterPoint Energy by 3.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,069 shares of the utilities provider's stock worth $11,390,000 after buying an additional 10,796 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of CenterPoint Energy by 5.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,323 shares of the utilities provider's stock worth $319,000 after buying an additional 395 shares during the period. UBS Group AG boosted its holdings in shares of CenterPoint Energy by 31.3% during the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider's stock worth $278,390,000 after buying an additional 1,728,865 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of CenterPoint Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider's stock worth $3,158,492,000 after buying an additional 719,803 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Up 2.1%

NYSE CNP opened at $43.70 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company has a 50 day moving average of $43.09 and a 200-day moving average of $40.61. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 2.54 and a beta of 0.54.

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

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, May 21st. CenterPoint Energy's payout ratio is presently 56.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNP. Truist Financial began coverage on shares of CenterPoint Energy in a report on Tuesday, April 21st. They set a "buy" rating and a $48.00 target price for the company. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Jefferies Financial Group lifted their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Citigroup reaffirmed a "neutral" rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Finally, Bank of America lifted their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.15.

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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