CenterPoint Energy, Inc. $CNP Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in CenterPoint Energy, Inc. (NYSE:CNP) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,056,137 shares of the utilities provider’s stock after selling 118,858 shares during the period. Hsbc Holdings PLC’s holdings in CenterPoint Energy were worth $40,517,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at $254,000. AQR Capital Management LLC grew its holdings in shares of CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after buying an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CenterPoint Energy by 5.8% during 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 buying an additional 3,821 shares during the period. Empowered Funds LLC lifted its stake in CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Woodline Partners LP boosted its position in CenterPoint Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 15,922 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNP shares. Barclays upped their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research report on Thursday, June 18th. Truist Financial cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research note on Monday, May 4th. Finally, Bank of America boosted their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Price Performance

NYSE CNP opened at $44.55 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $29.14 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. The company has a 50 day moving average price of $42.83 and a two-hundred day moving average price of $41.75. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $45.22.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter last year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

About CenterPoint Energy

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.