Miller Howard Investments Inc. NY Buys 23,662 Shares of CenterPoint Energy, Inc. $CNP

Miller Howard Investments Inc. NY lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 7.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,077 shares of the utilities provider’s stock after purchasing an additional 23,662 shares during the quarter. Miller Howard Investments Inc. NY owned 0.05% of CenterPoint Energy worth $14,764,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at $254,000. AQR Capital Management LLC boosted its position in CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after buying an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after buying an additional 3,821 shares during the period. Empowered Funds LLC grew its stake in shares of CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after buying an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in shares of CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after buying an additional 15,922 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNP. Bank of America boosted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Evercore set a $45.00 price target on CenterPoint Energy in a research note on Monday, May 4th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research note on Thursday, June 18th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $43.54 on Wednesday. The firm has a market cap of $28.48 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.55 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The business’s 50 day moving average price is $42.57 and its 200-day moving average price is $41.39. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

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

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

About CenterPoint Energy

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.