17,264 Shares in CenterPoint Energy, Inc. $CNP Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,264 shares of the utilities provider’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Root Financial Partners LLC bought a new stake in shares of CenterPoint Energy in the 3rd quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CenterPoint Energy during the third quarter worth about $26,000. LRI Investments LLC grew its holdings in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares during the period. First Horizon Corp bought a new stake in CenterPoint Energy in the third quarter worth about $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in CenterPoint Energy in the 3rd quarter valued at about $30,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. UBS Group reduced their target price on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. Barclays cut their price objective on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, KeyCorp upgraded CenterPoint Energy from a “sector weight” rating to an “overweight” rating and set a $41.00 target price on the stock in a report on Friday, December 12th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

CenterPoint Energy Trading Down 0.2%

NYSE:CNP opened at $42.79 on Wednesday. The stock has a market cap of $27.94 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.55 and a beta of 0.59. CenterPoint Energy, Inc. has a fifty-two week low of $33.24 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. The stock’s 50-day moving average is $39.62 and its two-hundred day moving average is $39.04.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, February 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.22. CenterPoint Energy’s dividend payout ratio is presently 57.50%.

About CenterPoint Energy

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.