PNC Financial Services Group Inc. Acquires 14,910 Shares of CenterPoint Energy, Inc. $CNP

PNC Financial Services Group Inc. grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,820 shares of the utilities provider’s stock after acquiring an additional 14,910 shares during the period. PNC Financial Services Group Inc.’s holdings in CenterPoint Energy were worth $6,294,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CenterPoint Energy during the fourth quarter worth $343,925,000. T. Rowe Price Investment Management Inc. lifted its position in shares of CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after buying an additional 6,794,535 shares during the last quarter. UBS Group AG boosted its stake in shares of CenterPoint Energy by 31.3% during the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after acquiring an additional 1,728,865 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of CenterPoint Energy by 19.4% during the 4th quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after acquiring an additional 1,256,993 shares in the last quarter. Finally, Merewether Investment Management LP increased its holdings in shares of CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after acquiring an additional 1,149,637 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. KeyCorp decreased their target price on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore set a $45.00 price target on CenterPoint Energy in a report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $45.38.

Key Headlines Impacting CenterPoint Energy

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 Price Performance

NYSE CNP opened at $44.59 on Monday. The stock has a 50-day simple moving average of $43.16 and a 200 day simple moving average of $42.33. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.22. The stock has a market capitalization of $29.17 billion, a PE ratio of 27.36, a P/E/G ratio of 2.64 and a beta of 0.46. 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 released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period last year, the business earned $0.53 EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.24 dividend. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio is 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.