BTG Pactual Asset Management US LLC Increases Stock Position in CenterPoint Energy, Inc. $CNP

BTG Pactual Asset Management US LLC boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 105.4% in the 2nd quarter, Holdings Channel reports. The firm owned 103,559 shares of the utilities provider’s stock after purchasing an additional 53,131 shares during the period. BTG Pactual Asset Management US LLC’s holdings in CenterPoint Energy were worth $4,561,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNP. New Age Alpha Advisors LLC purchased a new stake in CenterPoint Energy during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 period. Keating Financial Advisory Services Inc. acquired a new position in shares of CenterPoint Energy in the second quarter valued at approximately $27,000. Rothschild Investment LLC grew its holdings in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth approximately $35,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Evercore set a $43.00 price objective on CenterPoint Energy in a research report on Monday, August 17th. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. increased their target price on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, BTIG Research initiated coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, CenterPoint Energy currently has a consensus rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $39.24 on Monday. The firm has a market capitalization of $25.85 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.32 and a beta of 0.46. CenterPoint Energy, Inc. has a 12 month low of $36.60 and a 12 month high of $45.26. The company’s fifty day moving average price is $42.32 and its 200 day moving average price is $42.60. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data 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. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the prior year, the company earned $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. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 annualized dividend 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 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.