Swiss National Bank Has $73.01 Million Stock Position in CenterPoint Energy, Inc. $CNP

Swiss National Bank decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,881,600 shares of the utilities provider’s stock after selling 91,300 shares during the period. Swiss National Bank’s holdings in CenterPoint Energy were worth $73,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CNP. Root Financial Partners LLC bought a new position in CenterPoint Energy during the third quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $26,000. LRI Investments LLC raised its holdings in shares of CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after buying an additional 355 shares in the last quarter. First Horizon Corp bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $30,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNP. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company increased their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.55.

CenterPoint Energy Stock Down 0.5%

Shares of NYSE CNP opened at $42.94 on Thursday. The firm’s 50-day simple moving average is $40.76 and its 200 day simple moving average is $39.43. The company has a market cap of $28.09 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a 12-month low of $34.29 and a 12-month high of $44.04.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed 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. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 19th. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio is presently 57.50%.

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.