Kayne Anderson Capital Advisors LP Takes Position in CenterPoint Energy, Inc. $CNP

Kayne Anderson Capital Advisors LP bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,282,748 shares of the utilities provider’s stock, valued at approximately $56,492,000. CenterPoint Energy makes up approximately 1.1% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 19th largest holding.

A number of other institutional investors have also added to or reduced their stakes in CNP. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the period. Rothschild Investment LLC increased its holdings in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares in the last quarter. MidFirst Bank bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $38,000. Finally, Rexford Capital Inc. acquired a new position in shares of CenterPoint Energy during the first quarter worth approximately $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CNP shares. Wolfe Research reiterated an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research note on Thursday, June 18th. BTIG Research started coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. Truist Financial dropped their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.43.

CenterPoint Energy Stock Down 0.5%

CNP stock opened at $40.20 on Friday. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The stock’s 50 day moving average is $42.77 and its 200-day moving average is $42.63. The firm has a market capitalization of $26.48 billion, a PE ratio of 23.65, a P/E/G ratio of 2.39 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. 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.