Boston Partners Has $537.16 Million Stock Position in CenterPoint Energy, Inc. $CNP

Boston Partners reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,006,526 shares of the utilities provider’s stock after selling 427,332 shares during the period. Boston Partners’ holdings in CenterPoint Energy were worth $537,161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Milford Funds Ltd. acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth $7,853,000. Wealthspire Advisors LLC lifted its position in shares of CenterPoint Energy by 67.1% during the 4th quarter. Wealthspire Advisors LLC now owns 7,329 shares of the utilities provider’s stock worth $281,000 after buying an additional 2,942 shares during the last quarter. Macquarie Group Ltd. increased its holdings in CenterPoint Energy by 0.5% in the 4th quarter. Macquarie Group Ltd. now owns 424,582 shares of the utilities provider’s stock worth $16,278,000 after purchasing an additional 2,309 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in CenterPoint Energy by 6.9% in the 4th quarter. Advisors Asset Management Inc. now owns 67,688 shares of the utilities provider’s stock worth $2,595,000 after purchasing an additional 4,391 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in CenterPoint Energy by 7.1% in the 4th quarter. CI Investments Inc. now owns 597,588 shares of the utilities provider’s stock worth $22,912,000 after purchasing an additional 39,776 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of recent research reports. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group increased their price target on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Stock Up 0.7%

CNP stock opened at $42.85 on Friday. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is $42.66 and its 200-day moving average is $41.20. The firm has a market capitalization of $28.03 billion, a PE ratio of 26.29, a P/E/G ratio of 2.52 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter last year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

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.