CenterPoint Energy, Inc. $CNP Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 370,885 shares of the utilities provider’s stock after selling 787,321 shares during the quarter. Aventail Capital Group LP owned about 0.06% of CenterPoint Energy worth $14,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNP. Norges Bank acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $343,925,000. UBS Group AG increased its holdings in shares of CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after purchasing an additional 1,728,865 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after purchasing an additional 1,256,993 shares during the last quarter. Merewether Investment Management LP increased its holdings in shares of CenterPoint Energy by 85.5% in the third quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after purchasing an additional 1,149,637 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $39,752,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CNP shares. Jefferies Financial Group increased their price target on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. Barclays raised their target price 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. Finally, Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.62.

CenterPoint Energy Price Performance

CNP stock opened at $42.63 on Thursday. The business has a fifty day moving average of $42.62 and a two-hundred day moving average of $41.28. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.46. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly 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 analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

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

CenterPoint Energy Company 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.