Peak Financial Advisors LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

Peak Financial Advisors LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,940 shares of the utilities provider’s stock, valued at approximately $3,019,000. CenterPoint Energy accounts for about 1.3% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also modified their holdings of CNP. Nordea Investment Management AB boosted its stake in CenterPoint Energy by 14.3% in the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after purchasing an additional 65,440 shares during the period. Ethos Capital Management Inc. acquired a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $1,356,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CenterPoint Energy in the 3rd quarter valued at about $2,466,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CenterPoint Energy by 6.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,801 shares of the utilities provider’s stock valued at $50,471,000 after purchasing an additional 75,368 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of CenterPoint Energy by 18.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock valued at $17,173,000 after purchasing an additional 69,700 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $44.96 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 business has a 50-day moving average of $42.67 and a 200-day moving average of $41.52. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.67 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $45.08.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The company had revenue of $2.98 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Bank of America boosted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Evercore set a $45.00 price target on CenterPoint Energy in a research report on Monday, May 4th. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial lowered their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average price target of $44.69.

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.