Deutsche Bank AG Takes Position in CenterPoint Energy, Inc. $CNP

Deutsche Bank AG acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,503,887 shares of the utilities provider’s stock, valued at approximately $770,871,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 worth $27,000 after purchasing an additional 235 shares during the period. Rothschild Investment LLC increased its stake in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth $35,000. Finally, Rexford Capital Inc. bought a new stake in shares of CenterPoint Energy during the 1st quarter valued at $39,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNP has been the topic of a number of analyst reports. KeyCorp lowered their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Truist Financial cut their price target on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley set a $40.00 price target on CenterPoint Energy in a report on Wednesday, July 22nd. BMO Capital Markets lowered their price objective on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, BTIG Research assumed coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.43.

CenterPoint Energy Trading Down 0.5%

CenterPoint Energy stock opened at $40.63 on Tuesday. The stock has a market cap of $26.76 billion, a P/E ratio of 23.90, a PEG ratio of 2.42 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26. The firm’s 50 day moving average price is $42.90 and its 200-day moving average price is $42.62.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend 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 is presently 56.47%.

CenterPoint Energy 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.