Northwestern Mutual Wealth Management Co. Makes New $736,000 Investment in CenterPoint Energy, Inc. $CNP

Northwestern Mutual Wealth Management Co. bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,718 shares of the utilities provider’s stock, valued at approximately $736,000.

A number of other large investors have also recently made changes to their positions in CNP. Keating Financial Advisory Services Inc. acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $27,000. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Rothschild Investment LLC raised its position in CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. Finally, MidFirst Bank acquired a new stake in CenterPoint Energy during the 2nd quarter worth $38,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

NYSE CNP opened at $39.63 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $42.46 and its two-hundred day moving average is $42.61. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.31 and a beta of 0.46.

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

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is 56.47%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CNP. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. BMO Capital Markets reduced their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a report on Thursday, June 18th. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley reduced their price objective on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, CenterPoint Energy presently has an average rating of “Moderate Buy” and a consensus target price of $45.36.

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.