CenterPoint Energy, Inc. $CNP Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 39.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,237 shares of the utilities provider’s stock after selling 16,785 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CenterPoint Energy were worth $1,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of CenterPoint Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock worth $3,168,459,000 after purchasing an additional 298,892 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CenterPoint Energy by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 16,710,081 shares of the utilities provider’s stock valued at $611,377,000 after purchasing an additional 652,202 shares during the last quarter. Norges Bank acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $313,456,000. Reaves W H & Co. Inc. grew its stake in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after buying an additional 962,910 shares during the last quarter. Finally, American Century Companies Inc. increased its position in CenterPoint Energy by 10.2% during the third quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after buying an additional 568,130 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research note on Monday, February 23rd. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. BMO Capital Markets raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Tuesday, January 13th. Finally, Wells Fargo & Company increased their target price 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. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.55.

CenterPoint Energy Stock Down 1.4%

Shares of CenterPoint Energy stock opened at $43.40 on Friday. CenterPoint Energy, Inc. has a one year low of $33.24 and a one year high of $44.04. The company has a market cap of $28.33 billion, a P/E ratio of 27.13, a PEG ratio of 2.61 and a beta of 0.58. 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 firm has a fifty day moving average of $40.37 and a two-hundred day moving average of $39.27.

CenterPoint Energy (NYSE:CNP) last issued its quarterly 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 firm earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, February 19th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. CenterPoint Energy’s payout ratio is 57.50%.

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.