SG Americas Securities LLC Acquires 18,617 Shares of CenterPoint Energy, Inc. $CNP

SG Americas Securities LLC lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,325 shares of the utilities provider’s stock after purchasing an additional 18,617 shares during the period. SG Americas Securities LLC’s holdings in CenterPoint Energy were worth $9,984,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNP. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after buying an additional 235 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares in the last quarter. DV Equities LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $35,000. Finally, Olistico Wealth LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $41,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNP has been the subject of several recent analyst reports. Barclays raised their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Evercore set a $45.00 target price on CenterPoint Energy in a research report on Monday, May 4th. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and an average target price of $44.69.

CenterPoint Energy Stock Performance

CNP opened at $44.96 on Friday. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $45.08. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $29.41 billion, a PE ratio of 27.58, a P/E/G ratio of 2.62 and a beta of 0.46. The firm has a 50 day moving average of $42.67 and a two-hundred day moving average of $41.49.

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

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

CenterPoint Energy Company 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.