Magellan Asset Management Ltd Increases Stock Holdings in CenterPoint Energy, Inc. $CNP

Magellan Asset Management Ltd lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 5.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 553,939 shares of the utilities provider’s stock after purchasing an additional 28,790 shares during the period. Magellan Asset Management Ltd’s holdings in CenterPoint Energy were worth $21,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth about $25,000. Rothschild Investment LLC raised its stake in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in CenterPoint Energy during the third quarter valued at approximately $30,000. Olistico Wealth LLC bought a new stake in CenterPoint Energy during the fourth quarter valued at approximately $41,000. Finally, University of Illinois Foundation bought a new stake in CenterPoint Energy during the third quarter valued at approximately $46,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNP has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. KeyCorp lifted their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 target price on shares of CenterPoint Energy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group lifted their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Trading Up 0.7%

CNP stock opened at $41.85 on Friday. The company has a market capitalization of $27.37 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.46 and a beta of 0.46. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47. The company’s 50 day moving average price is $42.68 and its two-hundred day moving average price is $41.09. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The business had revenue of $2.98 billion for 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 period last year, the business posted $0.53 earnings per share. 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 fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

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.