United Capital Financial Advisors LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

United Capital Financial Advisors LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,718 shares of the utilities provider’s stock, valued at approximately $868,000.

A number of other institutional investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after purchasing an additional 6,794,535 shares in the last quarter. Capital Research Global Investors boosted its position in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares in the last quarter. Deutsche Bank AG acquired a new stake in CenterPoint Energy in the second quarter valued at approximately $770,871,000. Geode Capital Management LLC increased its position in shares of CenterPoint Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after buying an additional 166,305 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $343,925,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial decreased their target price on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Finally, KeyCorp dropped their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Performance

Shares of NYSE:CNP opened at $39.24 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business’s 50 day moving average price is $42.32 and its 200-day moving average price is $42.60. The firm has a market capitalization of $25.85 billion, a PE ratio of 23.08, a P/E/G ratio of 2.32 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. 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.