CenterPoint Energy, Inc. $CNP Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,977,074 shares of the utilities provider’s stock after selling 69,098 shares during the quarter. First Trust Advisors LP owned about 0.30% of CenterPoint Energy worth $76,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in shares of CenterPoint Energy by 3.3% in the 3rd quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock valued at $18,878,000 after purchasing an additional 15,754 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after purchasing an additional 962,910 shares during the period. Exchange Traded Concepts LLC increased its position in CenterPoint Energy by 23.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock worth $6,636,000 after purchasing an additional 32,344 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in CenterPoint Energy by 31.1% in the third quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock valued at $13,611,000 after buying an additional 83,127 shares during the period. Finally, Norges Bank purchased a new position in CenterPoint Energy in the second quarter valued at approximately $313,456,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CNP shares. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. KeyCorp raised their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Morgan Stanley restated an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. Wells Fargo & Company increased their price target on CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.55.

CenterPoint Energy Trading Down 0.3%

CenterPoint Energy stock opened at $43.49 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The firm has a 50-day moving average price of $40.58 and a two-hundred day moving average price of $39.37. The firm has a market capitalization of $28.45 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.58 and a beta of 0.58. CenterPoint Energy, Inc. has a 52-week low of $34.10 and a 52-week high of $44.04.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter in the previous year, the business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a $0.23 dividend. The ex-dividend date is Thursday, February 19th. This represents a $0.92 annualized dividend and a yield of 2.1%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.22. CenterPoint Energy’s payout ratio is 57.50%.

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.