2,648,666 Shares in CenterPoint Energy, Inc. $CNP Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,648,666 shares of the utilities provider’s stock, valued at approximately $116,648,000. Jupiter Topco LLC owned approximately 0.40% of CenterPoint Energy at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNP. Deutsche Bank AG purchased a new stake in CenterPoint Energy during the 2nd quarter worth approximately $770,871,000. Norges Bank acquired a new stake in CenterPoint Energy during the 4th quarter worth $343,925,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of CenterPoint Energy by 13.2% during 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 in the last quarter. Legal & General Group Plc purchased a new stake in shares of CenterPoint Energy during the second quarter worth $250,273,000. Finally, GQG Partners LLC acquired a new stake in shares of CenterPoint Energy in the second quarter valued at about $176,574,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 1.8%

Shares of CNP opened at $39.63 on Thursday. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The firm has a market capitalization of $26.11 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.31 and a beta of 0.46. The firm has a 50-day moving average price of $42.46 and a 200 day moving average price of $42.61. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed 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 is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s payout ratio is currently 56.47%.

Analyst Upgrades and Downgrades

CNP has been the topic of several research reports. Evercore set a $43.00 price target on shares of CenterPoint Energy in a research note on Monday, August 17th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Truist Financial lowered their target price on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley dropped their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.36.

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.