Wealthfront Advisers LLC Acquires 41,944 Shares of CenterPoint Energy, Inc. $CNP

Wealthfront Advisers LLC raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,710 shares of the utilities provider’s stock after purchasing an additional 41,944 shares during the quarter. Wealthfront Advisers LLC’s holdings in CenterPoint Energy were worth $8,361,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CNP. Nordea Investment Management AB grew its position in CenterPoint Energy by 14.3% in the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after acquiring an additional 65,440 shares during the last quarter. Ethos Capital Management Inc. acquired a new position in CenterPoint Energy during the fourth quarter worth about $1,356,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of CenterPoint Energy by 18.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after acquiring an additional 69,700 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after acquiring an additional 235,346 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of CenterPoint Energy by 143.4% in the third quarter. Swiss Life Asset Management Ltd now owns 105,481 shares of the utilities provider’s stock worth $4,093,000 after acquiring an additional 62,151 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $43.13 on Friday. The stock has a 50-day moving average price of $43.01 and a two-hundred day moving average price of $42.12. CenterPoint Energy, Inc. has a 12 month low of $36.59 and a 12 month high of $45.22. The company has a market capitalization of $28.22 billion, a PE ratio of 26.46, a P/E/G ratio of 2.57 and a beta of 0.46. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts expect 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 given a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.2%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio is 56.44%.

Analyst Ratings Changes

Several brokerages recently issued reports on CNP. Wells Fargo & Company reaffirmed an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. raised their target price on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial decreased their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Barclays boosted their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.31.

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.