CenterPoint Energy, Inc. $CNP Stock Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,038 shares of the utilities provider’s stock after buying an additional 12,728 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CenterPoint Energy were worth $6,699,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNP. Deutsche Bank AG purchased a new stake in shares of CenterPoint Energy in the 2nd quarter valued at approximately $770,871,000. Bank of America Corp DE acquired a new position in shares of CenterPoint Energy in the 2nd quarter worth approximately $332,753,000. Legal & General Group Plc purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $250,273,000. GQG Partners LLC purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $176,574,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $163,893,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CNP. Wolfe Research reiterated an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a report on Wednesday, July 29th. Morgan Stanley upped their price target on CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Royal Bank Of Canada assumed coverage on CenterPoint Energy in a research note on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 price target on the stock. KeyCorp lowered their price target on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research note on Friday, September 11th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.28.

CenterPoint Energy Stock Up 2.2%

Shares of NYSE:CNP opened at $41.21 on Friday. The firm has a market capitalization of $27.15 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47. CenterPoint Energy, Inc. has a 1 year low of $36.37 and a 1 year high of $45.26. 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 firm’s 50-day moving average is $38.99 and its two-hundred day moving average is $41.46.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS 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 analyst estimates 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 last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. CenterPoint Energy’s dividend payout ratio is 56.47%.

About CenterPoint Energy

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.