CenterPoint Energy, Inc. $CNP Position Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 94.2% in the first quarter, HoldingsChannel reports. The firm owned 24,196 shares of the utilities provider’s stock after selling 389,707 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CenterPoint Energy were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in CenterPoint Energy in the 4th quarter valued at about $254,000. AQR Capital Management LLC boosted its stake in CenterPoint Energy by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after purchasing an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CenterPoint Energy by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after purchasing an additional 3,821 shares during the last quarter. Empowered Funds LLC grew its position in CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP increased its stake in shares of CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 15,922 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CNP shares. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. lowered their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays lifted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Finally, BTIG Research assumed coverage on CenterPoint Energy in a report on Tuesday. They set a “neutral” rating on the stock. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $44.69.

CenterPoint Energy Stock Up 1.9%

CNP opened at $44.55 on Friday. 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 company has a market capitalization of $29.14 billion, a PE ratio of 27.33, a P/E/G ratio of 2.59 and a beta of 0.46. The stock’s fifty day moving average is $42.79 and its 200-day moving average is $41.71. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $45.22.

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 the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio (DPR) is 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.