19,866 CenterPoint Energy, Inc. $CNP Shares Bought by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 16.7% during the third quarter, HoldingsChannel reports. The firm owned 138,618 shares of the utilities provider’s stock after buying an additional 19,866 shares during the period. Inspire Investing LLC’s holdings in CenterPoint Energy were worth $5,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG bought a new stake in shares of CenterPoint Energy in the second quarter worth approximately $770,871,000. Bank of America Corp DE purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $332,753,000. Legal & General Group Plc bought a new position in CenterPoint Energy during the second quarter valued at approximately $250,273,000. GQG Partners LLC bought a new position in CenterPoint Energy during the second quarter valued at approximately $176,574,000. Finally, Bank of New York Mellon Corp purchased a new stake in CenterPoint Energy in the second quarter worth approximately $163,893,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CNP shares. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Wolfe Research reiterated an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Barclays lowered their target price on CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada initiated coverage on shares of CenterPoint Energy in a report on Tuesday, September 15th. They issued a “sector perform” rating and a $40.00 price objective on the stock. Finally, Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.24.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $41.12 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The firm has a fifty day moving average price of $38.99 and a 200 day moving average price of $41.46. CenterPoint Energy, Inc. has a fifty-two week low of $36.37 and a fifty-two week high of $45.26. The firm has a market cap of $27.09 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.72 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion for 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 in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s payout ratio is 56.47%.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.