Securian Asset Management Inc. Has $681,000 Position in CenterPoint Energy, Inc. $CNP

Securian Asset Management Inc. lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 43.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,752 shares of the utilities provider’s stock after selling 13,777 shares during the quarter. Securian Asset Management Inc.’s holdings in CenterPoint Energy were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CNP. UBS Group AG lifted its stake in shares of CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after buying an additional 1,728,865 shares in the last quarter. Jennison Associates LLC increased its position in shares of CenterPoint Energy by 19.4% during the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after acquiring an additional 1,256,993 shares in the last quarter. Merewether Investment Management LP raised its holdings in shares of CenterPoint Energy by 85.5% in the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock worth $96,748,000 after acquiring an additional 1,149,637 shares during the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of CenterPoint Energy by 15.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after acquiring an additional 962,910 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in CenterPoint Energy in the 3rd quarter valued at about $35,993,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. KeyCorp lifted their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Bank of America upped their price target on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Barclays increased their price target on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.69.

CenterPoint Energy Trading Up 0.8%

NYSE:CNP opened at $42.50 on Friday. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The firm has a 50-day moving average price of $42.97 and a two-hundred day moving average price of $40.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48.

CenterPoint Energy (NYSE:CNP) last announced its 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). The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the previous year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.2%. CenterPoint Energy’s payout ratio is currently 56.44%.

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.