CenterPoint Energy, Inc. $CNP Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 242,245 shares of the utilities provider’s stock after selling 44,001 shares during the quarter. SummitTX Capital L.P.’s holdings in CenterPoint Energy were worth $10,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNP. Brighton Jones LLC purchased a new stake in CenterPoint Energy during the 4th quarter valued at about $254,000. AQR Capital Management LLC lifted its stake in CenterPoint Energy by 15.6% in the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after purchasing an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after purchasing an additional 3,821 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP grew its position in shares of CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNP. BMO Capital Markets cut their target price on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BTIG Research started coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating for the company. Finally, Bank of America raised their price objective on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.38.

CenterPoint Energy News Summary

Here are the key news stories impacting CenterPoint Energy this week:

• Positive Sentiment: KeyCorp lifted its FY2026 EPS estimate for CenterPoint Energy to $1.91, matching the consensus and signaling confidence in near-term earnings. MarketBeat CNP report
• Positive Sentiment: KeyCorp also increased its Q2, Q3, FY2027, FY2028, FY2029, and FY2030 earnings estimates, reinforcing a more constructive long-term outlook for CenterPoint Energy. MarketBeat CNP report
• Positive Sentiment: Zacks upgraded CenterPoint Energy to Rank #2 (Buy), which may attract additional investors looking for improving earnings momentum. Article: What Makes CenterPoint (CNP) a New Buy Stock
• Neutral Sentiment: Another Zacks note highlighted CenterPoint as a possible dividend stock, but did not provide a major new catalyst on its own. Article: CenterPoint Energy (CNP) Could Be a Great Choice
• Neutral Sentiment: KeyCorp trimmed its Q4 2026 EPS estimate slightly and BMO Capital Markets reportedly lowered expectations, but these moves were modest and partly offset by the broader round of upward revisions. Article: Centerpoint Energy (CNP) Receives a Hold from Morgan Stanley
• Negative Sentiment: Morgan Stanley reportedly initiated or maintained a Hold view on CenterPoint Energy, which may temper enthusiasm somewhat. Article: Centerpoint Energy (CNP) Receives a Hold from Morgan Stanley

CenterPoint Energy Trading Up 0.1%

Shares of CenterPoint Energy stock opened at $44.59 on Monday. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.64 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.22. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock has a 50 day moving average of $43.16 and a 200 day moving average of $42.33.

CenterPoint Energy (NYSE:CNP) last posted its 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). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm 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 dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

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.