Susquehanna Fundamental Investments LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

Susquehanna Fundamental Investments LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,883 shares of the utilities provider’s stock, valued at approximately $567,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new stake in shares of CenterPoint Energy during the second quarter worth approximately $27,000. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $27,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC grew its holdings in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares in the last quarter. Finally, MidFirst Bank acquired a new position in CenterPoint Energy during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $39.56 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. CenterPoint Energy, Inc. has a 52 week low of $36.60 and a 52 week high of $45.26. The firm’s 50 day moving average is $42.08 and its two-hundred day moving average is $42.56. The firm has a market capitalization of $26.06 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.61 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping 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 net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the previous year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS 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 $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s payout ratio is currently 56.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BTIG Research started coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. BMO Capital Markets dropped their target price on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a research note on Thursday, June 18th. Finally, Morgan Stanley decreased their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $45.36.

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.