Hsbc Holdings PLC Invests $49.32 Million in CenterPoint Energy, Inc. $CNP

Hsbc Holdings PLC acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, HoldingsChannel reports. The firm acquired 1,116,625 shares of the utilities provider’s stock, valued at approximately $49,316,000.

Several other institutional investors have also added to or reduced their stakes in CNP. Legal & General Group Plc acquired a new position in CenterPoint Energy in the 2nd quarter worth $250,273,000. Partners Capital Investment Group LLP acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $579,000. OMERS ADMINISTRATION Corp bought a new stake in shares of CenterPoint Energy in the second quarter valued at about $1,467,000. Sanctuary Advisors LLC bought a new stake in shares of CenterPoint Energy in the second quarter valued at about $2,026,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CenterPoint Energy during the second quarter worth about $754,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.63 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business has a 50-day moving average of $42.46 and a 200-day moving average of $42.61. 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, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.26.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company posted $0.29 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. BTIG Research started coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating for the company. Morgan Stanley decreased their price target on shares of 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. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Finally, Wolfe Research reissued an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy currently has an average rating of “Moderate Buy” and a consensus target price of $45.36.

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.