Vise Technologies Inc. Makes New Investment in CenterPoint Energy, Inc. $CNP

Vise Technologies Inc. purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,140 shares of the utilities provider’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after buying an additional 235,346 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of CenterPoint Energy during the 4th quarter worth about $3,834,000. Principal Financial Group Inc. boosted its stake in shares of CenterPoint Energy by 6.9% during the 4th quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock worth $36,907,000 after buying an additional 61,740 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of CenterPoint Energy by 96.0% in the 4th quarter. Artemis Investment Management LLP now owns 1,595,867 shares of the utilities provider’s stock valued at $61,186,000 after acquiring an additional 781,849 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CenterPoint Energy by 5.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,838 shares of the utilities provider’s stock valued at $52,976,000 after acquiring an additional 67,037 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on CNP shares. BMO Capital Markets reduced their price target on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley lowered their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday. Evercore set a $43.00 price target on CenterPoint Energy in a research report on Monday, August 17th. KeyCorp dropped their price objective on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a report on Thursday, June 18th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Up 0.1%

Shares of CNP stock opened at $38.81 on Monday. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46. The firm’s 50-day moving average is $42.69 and its 200-day moving average is $42.63. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same quarter last year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.5%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is 56.47%.

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.