Partners Capital Investment Group LLP Makes New Investment in CenterPoint Energy, Inc. $CNP

Partners Capital Investment Group LLP purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, HoldingsChannel reports. The fund purchased 13,151 shares of the utilities provider’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG acquired a new stake in CenterPoint Energy during the 2nd quarter worth $770,871,000. Norges Bank bought a new position in CenterPoint Energy during the fourth quarter worth about $343,925,000. T. Rowe Price Investment Management Inc. grew its stake in CenterPoint Energy by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after acquiring an additional 6,794,535 shares during the period. GQG Partners LLC acquired a new position in CenterPoint Energy in the second quarter valued at about $176,574,000. Finally, Bank of New York Mellon Corp acquired a new position in CenterPoint Energy in the second quarter valued at about $163,893,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CNP shares. BMO Capital Markets dropped their price target 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. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research report on Thursday, June 18th. Morgan Stanley lowered their target price on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore set a $43.00 target price on shares of CenterPoint Energy in a report on Monday, August 17th. Finally, Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

CenterPoint Energy Price Performance

CNP stock opened at $39.09 on Tuesday. The stock has a 50-day moving average price of $42.61 and a two-hundred day moving average price of $42.62. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26. The stock has a market cap of $25.75 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion for 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 period in the previous year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS 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. 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 2.5%. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) 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.