CenterPoint Energy, Inc. $CNP Stock Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,618 shares of the utilities provider’s stock after purchasing an additional 19,866 shares during the quarter. Inspire Investing LLC’s holdings in CenterPoint Energy were worth $5,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNP. Hsbc Holdings PLC bought a new position in shares of CenterPoint Energy in the second quarter worth $49,316,000. Kayne Anderson Capital Advisors LP bought a new stake in CenterPoint Energy during the second quarter valued at $56,492,000. Tidal Investments LLC boosted its stake in CenterPoint Energy by 448.5% during the second quarter. Tidal Investments LLC now owns 130,375 shares of the utilities provider’s stock valued at $5,742,000 after buying an additional 106,605 shares during the period. WINTON GROUP Ltd bought a new stake in CenterPoint Energy during the second quarter valued at $3,470,000. Finally, Stack Financial Management Inc purchased a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $31,624,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $41.12 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. CenterPoint Energy, Inc. has a twelve month low of $36.37 and a twelve month high of $45.26. The stock has a market cap of $27.09 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47. The firm’s fifty day simple moving average is $38.99 and its 200 day simple moving average is $41.46.

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, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. During the same quarter in the prior year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.

Analysts Set New Price Targets

Several analysts have issued reports on CNP shares. Truist Financial cut their target price on CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 12th. KeyCorp decreased their price target on shares of CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Barclays lowered their price objective on shares of CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Citigroup reduced their target price on shares of CenterPoint Energy from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.24.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.