Commonwealth Equity Services LLC Reduces Stake in CenterPoint Energy, Inc. $CNP

by · The Cerbat Gem

Commonwealth Equity Services LLC lowered its holdings in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 16.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 84,847 shares of the utilities provider’s stock after selling 16,612 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CenterPoint Energy were worth $3,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CNP. New Age Alpha Advisors LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at about $25,000. Rothschild Investment LLC increased its holdings in shares of CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at about $41,000. University of Illinois Foundation acquired a new stake in shares of CenterPoint Energy in the 3rd quarter valued at about $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of CenterPoint Energy by 66.7% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 1.3%

CenterPoint Energy stock opened at $42.41 on Wednesday. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The stock has a 50 day moving average of $42.68 and a two-hundred day moving average of $41.14. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.48 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group upped their target price on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Evercore set a $45.00 target price on CenterPoint Energy in a research report on Monday, May 4th. KeyCorp upped their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Finally, Barclays upped their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.62.

Read Our Latest Stock Analysis on CenterPoint Energy

About CenterPoint Energy

(Free Report)

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.

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