Dockside LLC Invests $1.13 Million in CenterPoint Energy, Inc. $CNP

Dockside LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,488 shares of the utilities provider’s stock, valued at approximately $1,131,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zacks Investment Management raised its position in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after acquiring an additional 256 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in CenterPoint Energy by 16.1% in the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 308 shares during the last quarter. Horizon Investments LLC increased its holdings in CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 326 shares during the last quarter. Parallel Advisors LLC increased its holdings in CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in CenterPoint Energy by 9.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,033 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CNP shares. JPMorgan Chase & Co. dropped their price objective on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Bank of America upped their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Finally, Jefferies Financial Group upped their price objective on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Down 0.1%

CNP stock opened at $42.85 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The stock has a market capitalization of $28.03 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.54 and a beta of 0.46. The business has a 50-day moving average of $42.66 and a 200-day moving average of $41.21. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data 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). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s payout ratio is 56.44%.

CenterPoint Energy Company 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.