Capital Research Global Investors Raises Position in CenterPoint Energy, Inc. $CNP

Capital Research Global Investors grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,941,909 shares of the utilities provider’s stock after purchasing an additional 235,346 shares during the quarter. Capital Research Global Investors’ holdings in CenterPoint Energy were worth $802,916,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Capital International Investors lifted its stake in shares of CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after purchasing an additional 833,374 shares during the period. Vanguard Group Inc. lifted its stake in shares of CenterPoint Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after purchasing an additional 719,803 shares during the period. Geode Capital Management LLC lifted its stake in shares of CenterPoint Energy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after purchasing an additional 166,305 shares during the period. Norges Bank purchased a new position in shares of CenterPoint Energy during the 4th quarter worth $343,925,000. Finally, Jennison Associates LLC lifted its stake in shares of CenterPoint Energy by 19.4% during the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after purchasing an additional 1,256,993 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.0%

Shares of CNP opened at $42.71 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $27.94 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46. The stock’s fifty day simple moving average is $42.69 and its 200 day simple moving average is $41.11. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period last year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNP. Evercore set a $45.00 price target on CenterPoint Energy in a research note on Monday, May 4th. Barclays increased their price target on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. KeyCorp increased their target price on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.62.

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.