WINTON GROUP Ltd Acquires New Position in CenterPoint Energy, Inc. $CNP

WINTON GROUP Ltd purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 78,786 shares of the utilities provider's stock, valued at approximately $3,470,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 acquiring an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in CenterPoint Energy during the second quarter valued at approximately $27,000. Rothschild Investment LLC grew its position in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider's stock worth $28,000 after acquiring an additional 457 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 1.5%

Shares of CenterPoint Energy stock opened at $39.16 on Friday. 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 fifty-two week low of $37.22 and a fifty-two week high of $45.26. The company has a fifty day moving average of $41.52 and a 200 day moving average of $42.44. The company has a market capitalization of $25.79 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.63 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 20th. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio is presently 56.47%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CNP shares. BTIG Research initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Wall Street Zen upgraded CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley dropped their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Finally, KeyCorp cut their target price 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. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $45.36.

About CenterPoint Energy

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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