Louisbourg Investments Inc. Has $2.02 Million Position in CenterPoint Energy, Inc. $CNP

Louisbourg Investments Inc. lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 37.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,713 shares of the utilities provider’s stock after selling 27,545 shares during the quarter. Louisbourg Investments Inc.’s holdings in CenterPoint Energy were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $254,000. AQR Capital Management LLC lifted its position in CenterPoint Energy by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after acquiring an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after acquiring an additional 3,821 shares during the last quarter. Empowered Funds LLC lifted its position in CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after acquiring an additional 15,922 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CNP shares. Truist Financial dropped their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Bank of America raised their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. KeyCorp lifted their price target on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Stock Performance

CNP opened at $44.96 on Friday. The stock has a market cap of $29.41 billion, a PE ratio of 27.58, a P/E/G ratio of 2.67 and a beta of 0.46. 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 1 year low of $35.46 and a 1 year high of $45.08. The stock’s 50 day simple moving average is $42.67 and its 200-day simple moving average is $41.49.

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

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

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.