CenterPoint Energy, Inc. $CNP Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC decreased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 87.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,033 shares of the utilities provider’s stock after selling 1,440,793 shares during the period. HITE Hedge Asset Management LLC’s holdings in CenterPoint Energy were worth $7,938,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at about $25,000. Rothschild Investment LLC increased 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 buying an additional 457 shares during the period. Olistico Wealth LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at about $41,000. University of Illinois Foundation acquired a new position in CenterPoint Energy during the 3rd quarter valued at about $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in CenterPoint Energy by 66.7% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock valued at $48,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CNP. Truist Financial lowered 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. JPMorgan Chase & Co. lowered their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Bank of America raised their target price on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Evercore set a $45.00 target price on shares of CenterPoint Energy in a research note on Monday, May 4th. Finally, Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Stock Performance

Shares of CNP opened at $42.85 on Friday. The firm’s 50 day moving average is $42.66 and its 200-day moving average is $41.20. The stock has a market capitalization of $28.03 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.52 and a beta of 0.46. 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 12-month low of $35.46 and a 12-month high of $44.47.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the prior year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is currently 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.