MUFG Securities EMEA plc Increases Stake in CenterPoint Energy, Inc. $CNP

MUFG Securities EMEA plc boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 114.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,795 shares of the utilities provider’s stock after buying an additional 14,299 shares during the period. MUFG Securities EMEA plc’s holdings in CenterPoint Energy were worth $1,027,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Zacks Investment Management increased its stake in CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. Salomon & Ludwin LLC increased its stake in CenterPoint Energy by 16.1% in the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 308 shares during the period. Horizon Investments LLC increased its stake in CenterPoint Energy by 3.2% in the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares during the period. Parallel Advisors LLC increased its stake in CenterPoint Energy by 6.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 333 shares during the period. Finally, Brooklyn Investment Group increased its stake in CenterPoint Energy by 7.6% in the 3rd quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 369 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $41.72 on Wednesday. The firm has a market cap of $27.29 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.45 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The business’s 50 day moving average price is $42.69 and its 200-day moving average price is $41.05. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. CenterPoint Energy’s payout ratio is currently 56.44%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CNP shares. Evercore set a $45.00 price target on CenterPoint Energy in a research note on Monday, May 4th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Barclays lifted their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, KeyCorp lifted their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.62.

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.