Callan Family Office LLC Invests $1.44 Million in CenterPoint Energy, Inc. $CNP

Callan Family Office LLC acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 32,663 shares of the utilities provider’s stock, valued at approximately $1,438,000.

Other hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. Keating Financial Advisory Services Inc. bought a new position in shares of CenterPoint Energy in the second quarter worth approximately $27,000. Rothschild Investment LLC increased its stake in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth $35,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research reissued an “outperform” rating and set a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. KeyCorp lowered their price objective on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Finally, BTIG Research assumed coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $38.81 on Monday. The company’s 50 day moving average is $42.69 and its 200 day moving average is $42.63. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26.

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

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

About CenterPoint Energy

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.