CenterPoint Energy, Inc. $CNP Stock: Mn Services Vermogensbeheer B.V. Boosts Position

Mn Services Vermogensbeheer B.V. grew its position in CenterPoint Energy, Inc. (NYSE:CNP) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 224,769 shares of the utilities provider’s stock after purchasing an additional 34,469 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CenterPoint Energy were worth $8,271,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of CenterPoint Energy by 18.6% during the third quarter. Farther Finance Advisors LLC now owns 22,469 shares of the utilities provider’s stock worth $827,000 after purchasing an additional 3,531 shares during the period. Artemis Investment Management LLP increased its holdings in CenterPoint Energy by 1.1% in the 3rd quarter. Artemis Investment Management LLP now owns 2,785,648 shares of the utilities provider’s stock worth $102,512,000 after buying an additional 29,400 shares during the period. Gradient Investments LLC raised its position in CenterPoint Energy by 4.1% during the 3rd quarter. Gradient Investments LLC now owns 54,974 shares of the utilities provider’s stock worth $2,023,000 after buying an additional 2,154 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in CenterPoint Energy by 48.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,759 shares of the utilities provider’s stock worth $249,000 after buying an additional 2,198 shares during the last quarter. Finally, Plan A Wealth LLC lifted its stake in CenterPoint Energy by 14.3% during the 3rd quarter. Plan A Wealth LLC now owns 5,809 shares of the utilities provider’s stock valued at $214,000 after acquiring an additional 725 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

NYSE:CNP opened at $38.61 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. The company has a 50 day moving average price of $39.12 and a 200-day moving average price of $41.64. CenterPoint Energy, Inc. has a 1-year low of $36.37 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its quarterly 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 firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the prior year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

Analyst Upgrades and Downgrades

CNP has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Evercore set a $43.00 target price on shares of CenterPoint Energy in a research report on Monday, August 17th. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a report on Thursday, June 18th. Morgan Stanley cut their price target on CenterPoint Energy from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.81.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE:CNP) is an energy delivery company headquartered in Houston, Texas. The company focuses on electric and natural gas utility operations, delivering essential energy to residential, commercial and industrial customers.

CenterPoint operates electric transmission and distribution systems in the Houston metropolitan area and parts of southwestern Indiana. It also provides natural gas distribution and related energy services in several states, including Texas, Indiana, Louisiana, Mississippi and Ohio.