Ninepoint Partners LP Takes Position in CenterPoint Energy, Inc. $CNP

Ninepoint Partners LP bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,588 shares of the utilities provider’s stock, valued at approximately $1,567,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of CenterPoint Energy by 0.9% during the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in CenterPoint Energy by 13.2% in 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 buying an additional 6,794,535 shares in the last quarter. Capital Research Global Investors increased its stake in CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after buying an additional 235,346 shares in the last quarter. Deutsche Bank AG bought a new stake in CenterPoint Energy during the second quarter valued at about $770,871,000. Finally, Geode Capital Management LLC raised its holdings in CenterPoint Energy by 1.0% during 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 acquiring an additional 166,305 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CNP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Truist Financial decreased their target price on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. BTIG Research initiated coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.43.

CenterPoint Energy Stock Down 0.5%

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

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

CenterPoint Energy Increases Dividend

The company 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. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.4%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is 56.47%.

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.