16,718 Shares in CenterPoint Energy, Inc. $CNP Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,718 shares of the utilities provider’s stock, valued at approximately $736,000.

Several other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in shares of CenterPoint Energy in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC lifted its holdings in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after buying an additional 457 shares in the last quarter. Finally, DV Equities LLC purchased a new position in CenterPoint Energy in the 4th quarter valued at approximately $35,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their target price on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Truist Financial reduced their price target on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research note on Thursday, June 18th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.36.

CenterPoint Energy Stock Up 1.8%

Shares of NYSE CNP opened at $39.63 on Thursday. The business has a 50-day moving average of $42.46 and a two-hundred day moving average of $42.61. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.24 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s payout ratio is currently 56.47%.

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.