CenterPoint Energy, Inc. $CNP Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,428 shares of the utilities provider’s stock after selling 19,800 shares during the period. Hennessy Advisors Inc.’s holdings in CenterPoint Energy were worth $13,847,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CNP. T. Rowe Price Investment Management Inc. boosted its holdings in shares of CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares in the last quarter. Capital Research Global Investors raised its stake in CenterPoint Energy by 1.1% during the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after acquiring an additional 235,346 shares in the last quarter. Deutsche Bank AG acquired a new position in CenterPoint Energy in the second quarter valued at $770,871,000. Geode Capital Management LLC boosted its stake in CenterPoint Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after acquiring an additional 166,305 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CenterPoint Energy during the fourth quarter worth about $343,925,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.1%

CNP stock opened at $39.24 on Friday. The stock has a market capitalization of $25.85 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. The company has a fifty day moving average of $42.32 and a 200-day moving average of $42.58. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $2.15 billion during 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 last year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Evercore set a $43.00 price objective on CenterPoint Energy in a research note on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, BTIG Research started coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating for the company. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

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.