2,648,666 Shares in CenterPoint Energy, Inc. $CNP Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,648,666 shares of the utilities provider’s stock, valued at approximately $116,648,000.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after acquiring an additional 235,346 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $3,834,000. Principal Financial Group Inc. increased its position in shares of CenterPoint Energy by 6.9% in the 4th quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock valued at $36,907,000 after purchasing an additional 61,740 shares during the last quarter. Artemis Investment Management LLP raised its stake in CenterPoint Energy by 96.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,595,867 shares of the utilities provider’s stock valued at $61,186,000 after buying an additional 781,849 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CenterPoint Energy by 5.2% in the fourth 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 purchasing an additional 67,037 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.63 on Thursday. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.31 and a beta of 0.46. CenterPoint Energy, Inc. has a 52 week low of $36.60 and a 52 week high of $45.26. The company’s 50-day moving average price is $42.46 and its 200 day moving average price is $42.61. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period last year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. CenterPoint Energy’s dividend payout ratio is 56.47%.

Analyst Upgrades and Downgrades

CNP has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. BMO Capital Markets cut their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Evercore set a $43.00 target price on CenterPoint Energy in a report on Monday, August 17th. Morgan Stanley dropped their target price on shares of CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Finally, Wolfe Research reiterated an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

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.