Landscape Capital Management L.L.C. Sells 15,305 Shares of CenterPoint Energy, Inc. $CNP

Landscape Capital Management L.L.C. lessened its position in CenterPoint Energy, Inc. (NYSE:CNP) by 22.2% during the fourth quarter, Holdings Channel reports. The fund owned 53,638 shares of the utilities provider’s stock after selling 15,305 shares during the period. Landscape Capital Management L.L.C.’s holdings in CenterPoint Energy were worth $2,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CNP. Norges Bank bought a new position in CenterPoint Energy in the fourth quarter valued at $343,925,000. UBS Group AG increased its stake in CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after acquiring an additional 1,728,865 shares during the last quarter. Jennison Associates LLC increased its stake in CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after acquiring an additional 1,256,993 shares during the last quarter. Merewether Investment Management LP increased its stake in CenterPoint Energy by 85.5% in the third quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after acquiring an additional 1,149,637 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in CenterPoint Energy in the fourth quarter valued at $39,752,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CNP. JPMorgan Chase & Co. reduced their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. KeyCorp increased their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Bank of America upped their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Jefferies Financial Group upped their price target on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $43.09 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. The firm has a 50-day moving average of $42.65 and a 200-day moving average of $41.23. The firm has a market cap of $28.19 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.54 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the prior year, the company posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

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.