Eurizon Capital SGR S.p.A. Invests $4.03 Million in CenterPoint Energy, Inc. $CNP

Eurizon Capital SGR S.p.A. acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 104,940 shares of the utilities provider’s stock, valued at approximately $4,025,000.

A number of other institutional investors have also bought and sold shares of the business. National Pension Service increased its stake in CenterPoint Energy by 7.8% in the 4th quarter. National Pension Service now owns 956,067 shares of the utilities provider’s stock worth $36,656,000 after buying an additional 69,252 shares in the last quarter. Rothschild Investment LLC increased its stake in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after buying an additional 457 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in CenterPoint Energy in the 4th quarter worth $65,000. Northwestern Mutual Wealth Management Co. increased its stake in CenterPoint Energy by 14.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 12,234 shares of the utilities provider’s stock worth $469,000 after buying an additional 1,525 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in CenterPoint Energy in the 4th quarter worth $3,834,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 2.3%

Shares of NYSE:CNP opened at $41.27 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $44.47. The company has a 50-day moving average price of $42.69 and a 200 day moving average price of $41.05. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.51 and a beta of 0.48.

CenterPoint Energy (NYSE:CNP) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CNP shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Jefferies Financial Group increased their price objective on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. KeyCorp increased their price objective on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.62.

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.