590,100 Shares in CenterPoint Energy, Inc. $CNP Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 590,100 shares of the utilities provider’s stock, valued at approximately $25,988,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in CenterPoint Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after purchasing an additional 719,803 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of CenterPoint Energy by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the last quarter. Capital Research Global Investors raised its position in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after acquiring an additional 235,346 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $770,871,000. Finally, 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. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.5%

CenterPoint Energy stock opened at $40.20 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26. The firm has a 50 day moving average price of $42.77 and a two-hundred day moving average price of $42.63. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.39 and a beta of 0.46.

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

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

Analyst Ratings Changes

CNP has been the subject of several research reports. BMO Capital Markets cut their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Truist Financial dropped their target price on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.43.

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.