CenterPoint Energy, Inc. $CNP Position Boosted by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 121.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,690 shares of the utilities provider’s stock after purchasing an additional 18,454 shares during the period. Raiffeisen Bank International AG’s holdings in CenterPoint Energy were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CNP. Deutsche Bank AG acquired a new position in CenterPoint Energy during the 2nd quarter valued at about $770,871,000. Norges Bank bought a new position in CenterPoint Energy in the 4th quarter worth approximately $343,925,000. Bank of America Corp DE acquired a new stake in CenterPoint Energy in the 2nd quarter valued at approximately $332,753,000. T. Rowe Price Investment Management Inc. raised its stake in CenterPoint Energy by 13.2% during 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 acquiring an additional 6,794,535 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of CenterPoint Energy during the second quarter valued at about $250,273,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 29th. BTIG Research started coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Truist Financial lowered their target price on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Evercore set a $43.00 price target on shares of CenterPoint Energy in a research report on Monday, August 17th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.36.

CenterPoint Energy Trading Down 0.9%

Shares of NYSE:CNP opened at $39.63 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 stock has a market capitalization of $26.11 billion, a PE ratio of 23.31, a P/E/G ratio of 2.62 and a beta of 0.46. The firm has a fifty day moving average price of $41.89 and a 200 day moving average price of $42.52. CenterPoint Energy, Inc. has a 1 year low of $37.13 and a 1 year 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, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.4%. CenterPoint Energy’s payout ratio is presently 56.47%.

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.