Intech Investment Management LLC Increases Stock Position in CenterPoint Energy, Inc. $CNP

Intech Investment Management LLC increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1,152.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 571,165 shares of the utilities provider’s stock after purchasing an additional 525,553 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of CenterPoint Energy worth $22,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CNP. Mather Group LLC. lifted its position in shares of CenterPoint Energy by 2.1% during the 3rd quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after buying an additional 264 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in CenterPoint Energy by 9.0% during the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 309 shares during the period. Riverbend Wealth Management LLC boosted its position in CenterPoint Energy by 5.9% in the third quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 341 shares during the last quarter. LRI Investments LLC grew its stake in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its stake in CenterPoint Energy by 5.2% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 8,138 shares of the utilities provider’s stock valued at $299,000 after purchasing an additional 402 shares during the period. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CNP shares. KeyCorp raised shares of CenterPoint Energy from a “sector weight” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Friday, December 12th. UBS Group reduced their target price on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Tuesday, January 13th. Finally, Morgan Stanley restated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus price target of $42.00.

CenterPoint Energy Stock Up 0.9%

Shares of NYSE CNP opened at $43.20 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The company has a market cap of $28.20 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.54 and a beta of 0.59. CenterPoint Energy, Inc. has a 52 week low of $33.24 and a 52 week high of $43.58. The business has a 50-day simple moving average of $39.72 and a two-hundred day simple moving average of $39.07.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.23 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 57.50%.

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.