Partners Capital Investment Group LLP Purchases Shares of 13,151 CenterPoint Energy, Inc. $CNP

Partners Capital Investment Group LLP purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,151 shares of the utilities provider’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNP. Caitong International Asset Management Co. Ltd raised its position in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the last quarter. Focus Financial Network Inc. boosted its position in CenterPoint Energy by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock valued at $224,000 after buying an additional 239 shares during the last quarter. Zacks Investment Management increased its stake in shares of CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after buying an additional 256 shares during the period. CX Institutional increased its stake in shares of CenterPoint Energy by 3.7% in the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock valued at $337,000 after buying an additional 275 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of CenterPoint Energy by 3.2% in the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after buying an additional 326 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNP. Morgan Stanley cut their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday. Wolfe Research reiterated an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. BTIG Research initiated coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research report on Thursday, June 18th. Finally, Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine research 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Performance

CNP stock opened at $39.09 on Tuesday. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The company has a market cap of $25.75 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The business’s fifty day moving average is $42.61 and its 200-day moving average is $42.62.

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

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, August 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio is presently 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.