Kestra Advisory Services LLC Acquires 43,384 Shares of CenterPoint Energy, Inc. $CNP

Kestra Advisory Services LLC raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 237.3% during the first quarter, Holdings Channel reports. The institutional investor owned 61,669 shares of the utilities provider’s stock after buying an additional 43,384 shares during the quarter. Kestra Advisory Services LLC’s holdings in CenterPoint Energy were worth $2,662,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its position in 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 in the last quarter. Rothschild Investment LLC boosted its stake in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. Rexford Capital Inc. acquired a new position in CenterPoint Energy during the 1st quarter valued at about $39,000. Finally, DV Equities LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CNP shares. Barclays increased their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Evercore set a $45.00 price target on CenterPoint Energy in a research report on Monday, May 4th. Finally, BTIG Research assumed coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating on the stock. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.31.

CenterPoint Energy Trading Down 0.5%

NYSE:CNP opened at $43.13 on Friday. 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 firm has a market cap of $28.22 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46. CenterPoint Energy, Inc. has a 52 week low of $36.59 and a 52 week high of $45.22. The firm has a 50-day moving average price of $43.01 and a two-hundred day moving average price of $42.12.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS 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 period in the prior year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is 56.44%.

CenterPoint Energy 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.