Magellan Asset Management Ltd Makes New Investment in CenterPoint Energy, Inc. $CNP

Magellan Asset Management Ltd acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 697,825 shares of the utilities provider’s stock, valued at approximately $30,732,000. Magellan Asset Management Ltd owned about 0.11% of CenterPoint Energy as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the period. Focus Financial Network Inc. boosted its holdings in CenterPoint Energy by 4.9% in the second quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 239 shares during the period. Zacks Investment Management increased its stake in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 256 shares during the period. CX Institutional raised its holdings in shares of CenterPoint Energy by 3.7% in the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 275 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

Shares of CNP opened at $38.81 on Monday. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The stock’s fifty day moving average is $42.69 and its 200-day moving average is $42.63. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, August 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is presently 56.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore set a $43.00 price target on CenterPoint Energy in a research report on Monday, August 17th. BMO Capital Markets dropped their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. BTIG Research started coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Wolfe Research reissued an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

CenterPoint Energy Company 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.