Cohen & Steers Inc. Has $145.38 Million Holdings in CenterPoint Energy, Inc. $CNP

Cohen & Steers Inc. lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 20.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,791,932 shares of the utilities provider’s stock after selling 1,003,855 shares during the period. Cohen & Steers Inc.’s holdings in CenterPoint Energy were worth $145,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNP. Zacks Investment Management boosted its holdings in shares of CenterPoint Energy by 0.8% in the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after acquiring an additional 256 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of CenterPoint Energy by 16.1% in the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 308 shares during the period. Horizon Investments LLC boosted its holdings in shares of CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 326 shares during the period. Parallel Advisors LLC boosted its holdings in shares of CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 333 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of CenterPoint Energy by 7.6% in the third quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE:CNP opened at $42.85 on Friday. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.52 and a beta of 0.46. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The stock has a fifty day moving average of $42.66 and a 200 day moving average of $41.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

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

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CNP shares. Jefferies Financial Group raised their price target on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Evercore set a $45.00 price objective on CenterPoint Energy in a research note on Monday, May 4th. Mizuho set a $44.00 price objective on CenterPoint Energy in a research note on Monday, February 23rd. Barclays lifted their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $44.62.

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.