Citigroup Inc. Has $32.40 Million Holdings in CenterPoint Energy, Inc. $CNP

Citigroup Inc. decreased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 90.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 834,958 shares of the utilities provider’s stock after selling 8,126,982 shares during the period. Citigroup Inc. owned approximately 0.13% of CenterPoint Energy worth $32,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in CenterPoint Energy in the 3rd quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CenterPoint Energy during the third quarter valued at about $26,000. LRI Investments LLC raised its position in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after buying an additional 355 shares during the last quarter. First Horizon Corp bought a new stake in shares of CenterPoint Energy in the third quarter valued at about $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in CenterPoint Energy during the third quarter worth about $30,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.9%

Shares of NYSE CNP opened at $43.20 on Thursday. CenterPoint Energy, Inc. has a 52-week low of $33.24 and a 52-week high of $43.58. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. The business has a fifty day moving average of $39.72 and a two-hundred day moving average of $39.07. The stock has a market cap of $28.20 billion, a PE ratio of 27.00, a PEG ratio of 2.54 and a beta of 0.59.

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

CenterPoint Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on CNP. JPMorgan Chase & Co. cut their price target on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Morgan Stanley restated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. BMO Capital Markets upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 13th. Wells Fargo & Company increased their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.00.

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.