Miller Howard Investments Inc. NY Has $12.21 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Miller Howard Investments Inc. NY boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 318,415 shares of the utilities provider’s stock after buying an additional 20,893 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in CenterPoint Energy were worth $12,208,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNP. Merewether Investment Management LP lifted its holdings in CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock worth $96,748,000 after buying an additional 1,149,637 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after buying an additional 962,910 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in CenterPoint Energy during the 3rd quarter worth $35,993,000. Raymond James Financial Inc. lifted its holdings in CenterPoint Energy by 23.5% during the 2nd quarter. Raymond James Financial Inc. now owns 4,725,856 shares of the utilities provider’s stock worth $173,628,000 after buying an additional 899,505 shares in the last quarter. Finally, Capital International Investors lifted its holdings in CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after buying an additional 833,374 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CNP shares. Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group upped their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp upped their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $43.75.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $43.03 on Monday. The firm has a market cap of $28.15 billion, a PE ratio of 26.89, a PEG ratio of 2.55 and a beta of 0.54. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company has a fifty day moving average price of $42.91 and a 200 day moving average price of $40.40.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same period in the previous year, the company posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid 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 yield of 2.1%. CenterPoint Energy’s dividend payout ratio is presently 57.50%.

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.