Dana Investment Advisors Inc. Sells 12,874 Shares of CenterPoint Energy, Inc. $CNP

Dana Investment Advisors Inc. lessened its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 383,924 shares of the utilities provider’s stock after selling 12,874 shares during the quarter. Dana Investment Advisors Inc.’s holdings in CenterPoint Energy were worth $14,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DNB Asset Management AS lifted its stake in shares of CenterPoint Energy by 0.8% in the 4th quarter. DNB Asset Management AS now owns 277,742 shares of the utilities provider’s stock valued at $10,649,000 after purchasing an additional 2,306 shares during the period. New York Life Investment Management LLC lifted its stake in shares of CenterPoint Energy by 1.0% in the 4th quarter. New York Life Investment Management LLC now owns 89,263 shares of the utilities provider’s stock valued at $3,422,000 after purchasing an additional 853 shares during the period. World Investment Advisors lifted its stake in shares of CenterPoint Energy by 36.5% in the 4th quarter. World Investment Advisors now owns 7,754 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 2,074 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at approximately $209,000. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of CenterPoint Energy by 7.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 113,024 shares of the utilities provider’s stock valued at $4,333,000 after purchasing an additional 7,543 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $41.58 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47. The firm has a market capitalization of $27.20 billion, a P/E ratio of 25.51, a PEG ratio of 2.52 and a beta of 0.48. The business has a fifty day moving average of $42.92 and a 200 day moving average of $40.78.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNP. Morgan Stanley restated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Jefferies Financial Group boosted their price target on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.69.

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.