CenterPoint Energy, Inc. $CNP Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 5.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,428 shares of the utilities provider’s stock after selling 19,800 shares during the period. Hennessy Advisors Inc.’s holdings in CenterPoint Energy were worth $13,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Focus Financial Network Inc. raised its stake in shares of CenterPoint Energy by 4.9% during the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock worth $224,000 after buying an additional 239 shares during the last quarter. Zacks Investment Management boosted its position in shares of CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 256 shares in the last quarter. CX Institutional grew its stake in CenterPoint Energy by 3.7% in the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 275 shares during the last quarter. Finally, Horizon Investments LLC raised its position in CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 326 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CNP shares. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Morgan Stanley reduced their price objective on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Truist Financial decreased their price target on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CenterPoint Energy presently has an average rating of “Moderate Buy” and a consensus target price of $45.36.

CenterPoint Energy Stock Down 0.1%

Shares of NYSE:CNP opened at $39.24 on Friday. The stock has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $42.58. The stock has a market capitalization of $25.85 billion, a P/E ratio of 23.08, a PEG ratio of 2.32 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. 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 previous year, the business posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

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

CenterPoint Energy 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.