CenterPoint Energy, Inc. $CNP Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 8.8% during the first quarter, Holdings Channel.com reports. The firm owned 231,325 shares of the utilities provider’s stock after acquiring an additional 18,617 shares during the period. SG Americas Securities LLC’s holdings in CenterPoint Energy were worth $9,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. Zacks Investment Management boosted its stake 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 acquiring an additional 256 shares in the last quarter. Salomon & Ludwin LLC grew 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 valued at $85,000 after acquiring an additional 308 shares during the period. Horizon Investments LLC grew 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 valued at $402,000 after acquiring an additional 326 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of CenterPoint Energy by 6.7% in the 3rd 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 in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNP. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research report on Thursday, June 18th. Evercore set a $45.00 price objective on shares of CenterPoint Energy in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.69.

CenterPoint Energy Stock Up 1.7%

NYSE CNP opened at $44.96 on Friday. The business has a fifty day moving average price of $42.67 and a 200 day moving average price of $41.49. 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 cap of $29.41 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.62 and a beta of 0.46. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $45.08.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) 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 business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors 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 dividend on an annualized basis and a yield of 2.0%. CenterPoint Energy’s payout ratio is presently 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.