Louisbourg Investments Inc. Sells 27,545 Shares of CenterPoint Energy, Inc. $CNP

Louisbourg Investments Inc. decreased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 37.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,713 shares of the utilities provider’s stock after selling 27,545 shares during the quarter. Louisbourg Investments Inc.’s holdings in CenterPoint Energy were worth $2,016,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CNP. Venturi Wealth Management LLC raised its stake in CenterPoint Energy by 6.0% during the first quarter. Venturi Wealth Management LLC now owns 19,089 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 1,089 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at $244,000. Louisiana State Employees Retirement System acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at $1,437,000. Kestra Private Wealth Services LLC grew its holdings in shares of CenterPoint Energy by 7.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,927 shares of the utilities provider’s stock worth $385,000 after purchasing an additional 604 shares during the last quarter. Finally, Davis Investment Partners LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter worth about $205,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNP. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Barclays upped their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. reduced their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, KeyCorp increased their price target 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 analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.69.

CenterPoint Energy Price Performance

CNP opened at $44.96 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The stock has a market capitalization of $29.41 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.46. The company’s 50 day simple moving average is $42.67 and its 200-day simple moving average is $41.49. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $45.08.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data 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 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 the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. CenterPoint Energy’s payout ratio is presently 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.