T. Rowe Price Investment Management Inc. Grows Position in CenterPoint Energy, Inc. $CNP

T. Rowe Price Investment Management Inc. increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 13.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,286,690 shares of the utilities provider’s stock after purchasing an additional 6,794,535 shares during the period. CenterPoint Energy comprises about 1.4% of T. Rowe Price Investment Management Inc.’s holdings, making the stock its 11th biggest position. T. Rowe Price Investment Management Inc. owned about 0.09% of CenterPoint Energy worth $2,234,712,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CNP. Brighton Jones LLC bought a new stake in CenterPoint Energy in the 4th quarter worth approximately $254,000. AQR Capital Management LLC raised its stake in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after acquiring an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CenterPoint Energy by 5.8% in 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 boosted its stake in shares of 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 purchasing an additional 1,384 shares during the period. Finally, Woodline Partners LP grew its holdings in CenterPoint Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Up 0.3%

Shares of NYSE:CNP opened at $42.75 on Friday. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The stock has a market cap of $27.97 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46. The business’s 50 day moving average is $42.60 and its 200 day moving average is $41.30. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts predict 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. Investors of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio is 56.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNP. KeyCorp upped their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research report on Thursday. Truist Financial reduced their target price 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. Mizuho set a $44.00 target price on CenterPoint Energy in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and an average target price of $44.69.

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.