1,036,825 Shares in CenterPoint Energy, Inc. $CNP Purchased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, Holdings Channel reports. The fund acquired 1,036,825 shares of the utilities provider’s stock, valued at approximately $39,752,000.

Several other large investors have also made changes to their positions in the business. Zacks Investment Management lifted its position in shares of CenterPoint Energy by 0.8% during the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of CenterPoint Energy by 16.1% during the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 308 shares during the last quarter. Horizon Investments LLC lifted its position in shares of CenterPoint Energy by 3.2% during the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of CenterPoint Energy by 6.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 333 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of CenterPoint Energy by 7.6% during the 3rd quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CNP shares. Truist Financial cut their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. KeyCorp boosted their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Evercore set a $45.00 price objective on CenterPoint Energy in a research report on Monday, May 4th. Mizuho set a $44.00 price objective on CenterPoint Energy in a research report on Monday, February 23rd. Finally, Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Down 2.3%

NYSE CNP opened at $41.27 on Tuesday. The firm has a market cap of $27.00 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47. The stock’s 50 day simple moving average is $42.69 and its 200 day simple moving average is $41.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.23 per share. The ex-dividend date is 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 is 56.44%.

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.