62,997 Shares in CenterPoint Energy, Inc. $CNP Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 62,997 shares of the utilities provider’s stock, valued at approximately $2,719,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNP. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Rothschild Investment LLC lifted its stake in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. Rexford Capital Inc. bought a new position in CenterPoint Energy during the first quarter valued at $39,000. Finally, DV Equities LLC bought a new position in CenterPoint Energy during the fourth quarter valued at $35,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNP. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Truist Financial dropped their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Evercore set a $45.00 target price on shares of CenterPoint Energy in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.69.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $44.57 on Wednesday. The company has a 50 day moving average of $42.89 and a 200 day moving average of $41.84. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The stock has a market cap of $29.16 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.61 and a beta of 0.46. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $45.22.

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

CenterPoint Energy Announces Dividend

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

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.