T. Rowe Price Investment Management Inc. Boosts Stock Position in CenterPoint Energy, Inc. $CNP

T. Rowe Price Investment Management Inc. boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,286,690 shares of the utilities provider’s stock after buying an additional 6,794,535 shares during the period. CenterPoint Energy makes up about 1.4% of T. Rowe Price Investment Management Inc.’s investment portfolio, making the stock its 11th largest holding. T. Rowe Price Investment Management Inc. owned 8.93% of CenterPoint Energy worth $2,234,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new position in shares of CenterPoint Energy during the fourth quarter valued at $25,000. Rothschild Investment LLC boosted its stake in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new stake in CenterPoint Energy during the 4th quarter valued at about $35,000. Olistico Wealth LLC purchased a new stake in CenterPoint Energy during the 4th quarter valued at about $41,000. Finally, University of Illinois Foundation bought a new stake in CenterPoint Energy during the 3rd quarter valued at about $46,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $42.75 on Friday. The stock has a market cap of $27.97 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.53 and a beta of 0.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock’s fifty day moving average is $42.60 and its 200 day moving average is $41.30. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results 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). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CNP. Evercore set a $45.00 target price on shares of CenterPoint Energy in a report on Monday, May 4th. Barclays raised their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday. Finally, KeyCorp lifted their target price on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.69.

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.