Vaughan David Investments LLC IL Purchases Shares of 710,683 CenterPoint Energy, Inc. $CNP

Vaughan David Investments LLC IL purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 710,683 shares of the utilities provider’s stock, valued at approximately $27,248,000. Vaughan David Investments LLC IL owned approximately 0.11% of CenterPoint Energy as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital International Investors lifted its position in shares of CenterPoint Energy by 1.0% in the third quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock valued at $3,381,069,000 after buying an additional 833,374 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CenterPoint Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock valued at $3,158,492,000 after buying an additional 719,803 shares during the last quarter. Capital Research Global Investors lifted its position in shares of CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock valued at $802,916,000 after buying an additional 235,346 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CenterPoint Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after buying an additional 166,305 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $343,925,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Down 0.3%

CNP opened at $42.62 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The company has a market capitalization of $27.88 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.53 and a beta of 0.46. The stock has a fifty day moving average of $42.67 and a 200-day moving average of $41.19.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data 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 company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.2%. CenterPoint Energy’s payout ratio is currently 56.44%.

Wall Street Analysts Forecast Growth

CNP has been the subject of a number of recent analyst reports. Evercore set a $45.00 price objective on CenterPoint Energy in a research report on Monday, May 4th. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Finally, Bank of America lifted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Eight research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.62.

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.