4,009,382 Shares in CenterPoint Energy, Inc. $CNP Bought by GQG Partners LLC

GQG Partners LLC acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,009,382 shares of the utilities provider’s stock, valued at approximately $176,574,000.

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

CenterPoint Energy Stock Performance

NYSE CNP opened at $38.81 on Friday. 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 fifty day simple moving average of $42.69 and a 200 day simple moving average of $42.61. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The company has a market cap of $25.56 billion, a P/E ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the prior year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 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, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.24 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is presently 56.47%.

Analyst Ratings Changes

Several research analysts have issued reports on CNP shares. BMO Capital Markets lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. KeyCorp decreased their price objective on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Morgan Stanley lowered their target price on shares of CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy presently has an average rating of “Moderate Buy” and a consensus price target of $45.36.

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.