Aventail Capital Group LP Lowers Stock Holdings in CenterPoint Energy, Inc. $CNP

Aventail Capital Group LP reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 68.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 370,885 shares of the utilities provider’s stock after selling 787,321 shares during the period. Aventail Capital Group LP’s holdings in CenterPoint Energy were worth $14,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in CenterPoint Energy by 4.9% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,184 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 946 shares during the period. Freestone Grove Partners LP boosted its holdings in CenterPoint Energy by 58.5% in the fourth quarter. Freestone Grove Partners LP now owns 2,111,044 shares of the utilities provider’s stock valued at $80,937,000 after purchasing an additional 779,258 shares during the period. DV Equities LLC purchased a new position in CenterPoint Energy in the fourth quarter valued at $35,000. AQR Capital Management LLC boosted its holdings in CenterPoint Energy by 81.3% in the fourth quarter. AQR Capital Management LLC now owns 248,953 shares of the utilities provider’s stock valued at $9,545,000 after purchasing an additional 111,646 shares during the period. Finally, Tortoise Capital Advisors L.L.C. boosted its holdings in CenterPoint Energy by 19.0% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 772,099 shares of the utilities provider’s stock valued at $29,602,000 after purchasing an additional 123,178 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Down 1.7%

CenterPoint Energy stock opened at $42.63 on Thursday. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The stock has a market cap of $27.89 billion, a PE ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 0.46. The stock’s fifty day moving average is $42.62 and its two-hundred day moving average is $41.28.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

Analyst Ratings Changes

A number of research firms recently issued reports on CNP. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday. Bank of America lifted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Evercore set a $45.00 target price on CenterPoint Energy in a report on Monday, May 4th. Mizuho set a $44.00 target price on CenterPoint Energy in a report on Monday, February 23rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy 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.