CenterPoint Energy, Inc. $CNP Stock Holdings Increased by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 90.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,329 shares of the utilities provider’s stock after buying an additional 193,683 shares during the quarter. Leeward Investments LLC MA’s holdings in CenterPoint Energy were worth $14,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNP. Caitong International Asset Management Co. Ltd increased its stake in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in CenterPoint Energy during the 2nd quarter valued at about $27,000. MidFirst Bank bought a new stake in CenterPoint Energy during the second quarter worth about $38,000. Rexford Capital Inc. bought a new stake in CenterPoint Energy during the first quarter worth about $39,000. Finally, Transamerica Financial Advisors LLC bought a new stake in CenterPoint Energy during the second quarter worth about $40,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CNP shares. Truist Financial cut their price objective on shares of CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Evercore set a $43.00 target price on shares of CenterPoint Energy in a report on Monday, August 17th. Royal Bank Of Canada assumed coverage on shares of CenterPoint Energy in a report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 target price for the company. HSBC started coverage on CenterPoint Energy in a research report on Thursday. They issued a “buy” rating and a $44.00 price target on the stock. Finally, Morgan Stanley upped their price target on CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.24.

CenterPoint Energy Trading Up 0.1%

NYSE CNP opened at $41.12 on Monday. CenterPoint Energy, Inc. has a 12 month low of $36.37 and a 12 month high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The stock’s fifty day moving average price is $38.99 and its 200-day moving average price is $41.45. The stock has a market cap of $27.09 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.72 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio is 56.47%.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.