CenterPoint Energy, Inc. $CNP Stock: Leeward Investments LLC MA Increases Position

Leeward Investments LLC MA raised its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 90.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407,329 shares of the utilities provider’s stock after purchasing an additional 193,683 shares during the period. Leeward Investments LLC MA owned 0.06% of CenterPoint Energy worth $14,990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Deutsche Bank AG bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth approximately $770,871,000. Bank of America Corp DE purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $332,753,000. Legal & General Group Plc purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $250,273,000. GQG Partners LLC purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $176,574,000. Finally, Bank of New York Mellon Corp bought a new position in shares of CenterPoint Energy during the second quarter valued at approximately $163,893,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $41.12 on Monday. 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, Inc. has a one year low of $36.37 and a one year high of $45.26. The company has a 50-day simple moving average of $38.99 and a two-hundred day simple moving average of $41.45. The firm has a market capitalization of $27.09 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share 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 business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations 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. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CNP shares. Citigroup dropped their price target on CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. TD Cowen assumed coverage on shares of CenterPoint Energy in a report on Thursday. They issued a “buy” rating and a $47.00 price target on the stock. HSBC assumed coverage on shares of CenterPoint Energy in a research report on Thursday. They set a “buy” rating and a $44.00 price objective on the stock. BTIG Research initiated coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Finally, Wolfe Research restated an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.24.

About CenterPoint Energy

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.