CenterPoint Energy, Inc. $CNP Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 37.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,844 shares of the utilities provider’s stock after buying an additional 71,954 shares during the period. Quantinno Capital Management LP’s holdings in CenterPoint Energy were worth $11,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $27,000 after acquiring an additional 235 shares during the period. Zacks Investment Management increased its stake in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after acquiring an additional 256 shares during the period. Salomon & Ludwin LLC raised its holdings in CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 308 shares in the last quarter. Horizon Investments LLC raised its holdings in CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in CenterPoint Energy by 6.7% in the third 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. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CNP shares. BMO Capital Markets decreased their price target on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Wolfe Research restated an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a report on Wednesday, July 29th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Barclays lifted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Finally, Morgan Stanley set a $40.00 price target on shares of CenterPoint Energy in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.64.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $41.95 on Tuesday. The company has a market capitalization of $27.64 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The stock has a fifty day moving average of $43.21 and a 200-day moving average of $42.53. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, August 20th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio is presently 54.12%.

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.