International Assets Investment Management LLC Has $1.36 Million Stock Position in CenterPoint Energy, Inc. $CNP

International Assets Investment Management LLC grew its position in CenterPoint Energy, Inc. (NYSE:CNP) by 115.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,445 shares of the utilities provider’s stock after buying an additional 18,990 shares during the period. International Assets Investment Management LLC’s holdings in CenterPoint Energy were worth $1,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Root Financial Partners LLC bought a new stake in CenterPoint Energy during the 3rd quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CenterPoint Energy during the 3rd quarter worth about $26,000. LRI Investments LLC raised its holdings in CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares during the last quarter. First Horizon Corp bought a new stake in CenterPoint Energy during the 3rd quarter worth about $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in CenterPoint Energy during the 3rd quarter worth about $30,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Down 1.3%

NYSE:CNP opened at $41.71 on Friday. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The stock has a market cap of $27.28 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.50 and a beta of 0.48. The stock has a 50-day moving average price of $43.08 and a two-hundred day moving average price of $40.69.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) 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 period in the previous year, the firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on CNP shares. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Tuesday, January 13th. Wells Fargo & Company reissued an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Barclays upped their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Evercore set a $45.00 price objective on CenterPoint Energy in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.38.

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.