Commerce Bank Buys Shares of 71,204 CenterPoint Energy, Inc. $CNP

Commerce Bank bought a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 71,204 shares of the utilities provider’s stock, valued at approximately $3,136,000.

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

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of recent analyst reports. BTIG Research began coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. Morgan Stanley decreased their price objective on shares of CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday. Truist Financial lowered their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wolfe Research restated an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. 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 analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Up 0.8%

CNP stock opened at $39.09 on Tuesday. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.26. The business’s 50-day moving average is $42.61 and its two-hundred day moving average is $42.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.30 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. CenterPoint Energy’s payout ratio is 56.47%.

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.