CenterPoint Energy, Inc. $CNP is Engle Capital Management L.P.’s 7th Largest Position

Engle Capital Management L.P. boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 67.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,000 shares of the utilities provider’s stock after acquiring an additional 138,900 shares during the quarter. CenterPoint Energy comprises about 5.1% of Engle Capital Management L.P.’s holdings, making the stock its 7th largest holding. Engle Capital Management L.P.’s holdings in CenterPoint Energy were worth $13,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy in the 4th quarter worth approximately $25,000. Rothschild Investment LLC lifted its stake in shares of 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. DV Equities LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter worth about $35,000. Olistico Wealth LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter worth about $41,000. Finally, University of Illinois Foundation acquired a new position in shares of CenterPoint Energy in the third quarter worth about $46,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CNP shares. Mizuho set a $44.00 price target on CenterPoint Energy in a research note on Monday, February 23rd. Jefferies Financial Group boosted their price target on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Finally, Barclays boosted their price target on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Price Performance

CNP opened at $42.63 on Thursday. The company has a 50-day moving average of $42.62 and a 200-day moving average of $41.28. The company has a market capitalization of $27.89 billion, a P/E ratio of 26.15, a PEG ratio of 2.57 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. 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 released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the previous year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s payout ratio is currently 56.44%.

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.