Janney Montgomery Scott LLC Increases Position in CenterPoint Energy, Inc. $CNP

Janney Montgomery Scott LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 35.1% in the first quarter, Holdings Channel reports. The institutional investor owned 91,871 shares of the utilities provider’s stock after buying an additional 23,893 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CenterPoint Energy were worth $3,965,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its holdings in shares of CenterPoint Energy by 14.3% in the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after purchasing an additional 65,440 shares during the last quarter. Ethos Capital Management Inc. acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at $1,356,000. Allspring Global Investments Holdings LLC boosted its position in shares of CenterPoint Energy by 18.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock valued at $17,173,000 after purchasing an additional 69,700 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after buying an additional 235,346 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of CenterPoint Energy by 143.4% during the third quarter. Swiss Life Asset Management Ltd now owns 105,481 shares of the utilities provider’s stock valued at $4,093,000 after purchasing an additional 62,151 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 1.8%

CNP stock traded up $0.77 during trading on Tuesday, hitting $44.77. The company had a trading volume of 274,767 shares, compared to its average volume of 5,491,173. The firm has a 50-day moving average price of $42.85 and a 200-day moving average price of $41.79. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.64 and a beta of 0.46. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $45.22. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

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

CenterPoint Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CNP. Bank of America raised their target price on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research report on Thursday, June 18th. Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.69.

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.