Deutsche Bank AG Makes New Investment in CenterPoint Energy, Inc. $CNP

Deutsche Bank AG purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,503,887 shares of the utilities provider’s stock, valued at approximately $770,871,000. Deutsche Bank AG owned about 2.66% of CenterPoint Energy at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in CenterPoint Energy during the 4th quarter valued at about $254,000. AQR Capital Management LLC boosted its holdings in shares of CenterPoint Energy by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after acquiring an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after acquiring an additional 3,821 shares during the period. Empowered Funds LLC grew its stake in shares of CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares during the period. Finally, Woodline Partners LP raised its holdings in shares of CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CNP shares. Wolfe Research restated an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BTIG Research started coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Finally, Morgan Stanley set a $40.00 price objective on CenterPoint Energy in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.43.

CenterPoint Energy Stock Performance

CNP opened at $40.63 on Tuesday. The company’s 50 day moving average is $42.90 and its 200 day moving average is $42.62. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.42 and a beta of 0.46. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.24 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.47%.

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.