ProShare Advisors LLC Grows Stake in CenterPoint Energy, Inc. $CNP

ProShare Advisors LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 184,948 shares of the utilities provider’s stock after acquiring an additional 16,284 shares during the period. ProShare Advisors LLC’s holdings in CenterPoint Energy were worth $7,091,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Zacks Investment Management grew its position in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares in the last quarter. Salomon & Ludwin LLC grew its position in shares of CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 308 shares in the last quarter. Horizon Investments LLC grew its position in shares of CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares in the last quarter. Parallel Advisors LLC grew its position in shares of CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 333 shares in the last quarter. Finally, LRI Investments LLC grew its position in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CNP has been the subject of several research analyst reports. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Bank of America increased their target price on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group raised their price target on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. 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.com, CenterPoint Energy currently has a consensus rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Stock Performance

NYSE CNP opened at $42.48 on Friday. The stock has a market capitalization of $27.79 billion, a PE ratio of 26.06, a P/E/G ratio of 2.50 and a beta of 0.48. The business has a 50 day simple moving average of $42.83 and a two-hundred day simple moving average of $40.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate 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 net margin of 11.38% and a return on equity of 10.56%. During the same quarter in the prior year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is 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.