Tounjian Advisory Partners LLC Decreases Stake in CenterPoint Energy, Inc. $CNP

Tounjian Advisory Partners LLC lessened its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 21.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,120 shares of the utilities provider’s stock after selling 11,754 shares during the period. Tounjian Advisory Partners LLC’s holdings in CenterPoint Energy were worth $1,673,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of CenterPoint Energy in the third quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CenterPoint Energy in the third quarter worth about $26,000. LRI Investments LLC raised its stake in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after buying an additional 355 shares in the last quarter. First Horizon Corp bought a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $30,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $43.47 on Friday. CenterPoint Energy, Inc. has a 12-month low of $33.24 and a 12-month high of $43.58. The business’s 50-day simple moving average is $39.93 and its 200 day simple moving average is $39.13. 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 stock has a market cap of $28.38 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.55 and a beta of 0.59.

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

CenterPoint Energy Increases Dividend

The firm 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 $0.23 dividend. The ex-dividend date is Thursday, February 19th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. 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%.

Wall Street Analyst Weigh In

CNP has been the subject of several recent research reports. UBS Group lowered their target price on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Morgan Stanley reiterated an “underperform” rating and set a $37.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Finally, 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 research note on Friday, December 12th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.00.

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.