D L Carlson Investment Group Inc. Makes New Investment in CenterPoint Energy, Inc. $CNP

D L Carlson Investment Group Inc. purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, HoldingsChannel reports. The firm purchased 55,063 shares of the utilities provider’s stock, valued at approximately $2,425,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in CenterPoint Energy in the fourth quarter valued at approximately $254,000. AQR Capital Management LLC grew its stake in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after buying an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CenterPoint Energy by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after buying an additional 3,821 shares during the period. Empowered Funds LLC lifted its stake in CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in CenterPoint Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 15,922 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Down 0.5%

CNP opened at $40.20 on Friday. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month high of $45.26. The stock has a market capitalization of $26.48 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.39 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. The business has a fifty day moving average price of $42.77 and a 200 day moving average price of $42.63.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.29 EPS. 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 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. CenterPoint Energy’s payout ratio is currently 56.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CNP shares. Evercore set a $43.00 target price on CenterPoint Energy in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research note on Thursday, June 18th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.43.

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.