Corient Private Wealth LP Acquires New Position in CenterPoint Energy, Inc. $CNP

Corient Private Wealth LP bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 69,398 shares of the utilities provider’s stock, valued at approximately $3,056,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNP. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $27,000. Rothschild Investment LLC increased its holdings in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the period. Finally, DV Equities LLC acquired a new stake in CenterPoint Energy in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

CNP has been the subject of several recent research reports. Morgan Stanley decreased their price objective on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. BTIG Research assumed coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Finally, Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

CenterPoint Energy Stock Down 0.4%

Shares of NYSE CNP opened at $39.43 on Wednesday. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business has a 50-day moving average of $42.17 and a two-hundred day moving average of $42.58. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. 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. CenterPoint Energy’s dividend payout ratio is currently 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.