ProShare Advisors LLC Acquires 16,284 Shares of CenterPoint Energy, Inc. $CNP

ProShare Advisors LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,948 shares of the utilities provider’s stock after purchasing an additional 16,284 shares during the quarter. ProShare Advisors LLC’s holdings in CenterPoint Energy were worth $7,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNP. Brighton Jones LLC bought a new position in shares of CenterPoint Energy during the fourth quarter valued at $254,000. AQR Capital Management LLC lifted 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 purchasing an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 3,821 shares in the last quarter. Empowered Funds LLC increased its position in CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP increased its position in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after acquiring an additional 15,922 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

Shares of CNP opened at $42.48 on Friday. 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 business has a 50-day simple moving average of $42.83 and a two-hundred day simple moving average of $40.88. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.50 and a beta of 0.48. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.23 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho set a $44.00 price objective on CenterPoint Energy in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their price objective 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. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Barclays upped their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Truist Financial reduced their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.62.

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.