183,646 Shares in CenterPoint Energy, Inc. $CNP Bought by Korea Investment CORP

Korea Investment CORP acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 183,646 shares of the utilities provider’s stock, valued at approximately $8,088,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter worth $254,000. AQR Capital Management LLC increased its holdings in shares of CenterPoint Energy by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after purchasing an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CenterPoint Energy by 5.8% in 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 purchasing an additional 3,821 shares during the period. Empowered Funds LLC lifted its stake in shares of CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 1,384 shares during the period. Finally, Woodline Partners LP boosted its holdings in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after buying an additional 15,922 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.8%

Shares of NYSE CNP opened at $39.09 on Tuesday. The firm’s 50-day moving average is $42.61 and its two-hundred day moving average is $42.62. The company has a market capitalization of $25.75 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CNP shares. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley decreased their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial lowered their price target on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. BMO Capital Markets lowered their price target on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, BTIG Research began coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Moderate Buy” and an average target price of $45.36.

CenterPoint Energy Company 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.