Miller Howard Investments Inc. NY Raises Position in CenterPoint Energy, Inc. $CNP

Miller Howard Investments Inc. NY raised its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 342,077 shares of the utilities provider’s stock after acquiring an additional 23,662 shares during the period. Miller Howard Investments Inc. NY’s holdings in CenterPoint Energy were worth $14,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $254,000. AQR Capital Management LLC boosted its position in shares of CenterPoint Energy by 15.6% during the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after purchasing an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after purchasing an additional 3,821 shares in the last quarter. Empowered Funds LLC grew its stake in CenterPoint Energy by 11.5% in the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 1,384 shares during the period. Finally, Woodline Partners LP grew its stake in CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 15,922 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

CNP has been the subject of several recent research reports. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Truist Financial decreased their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Barclays lifted their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Stock Up 1.0%

CNP stock opened at $43.54 on Wednesday. The business has a 50 day moving average of $42.57 and a 200 day moving average of $41.39. The firm has a market cap of $28.48 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46. CenterPoint Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $44.47. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

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

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

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.