Barrow Hanley Mewhinney & Strauss LLC Has $172.02 Million Position in CenterPoint Energy, Inc. $CNP

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,433,413 shares of the utilities provider’s stock after selling 12,455 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.68% of CenterPoint Energy worth $172,016,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNP. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Morgan Stanley reiterated an “underperform” rating and issued a $37.00 price objective on shares of CenterPoint Energy in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Mizuho set a $44.00 target price on CenterPoint Energy in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. decreased their target price on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Seven 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 an average target price of $42.55.

CenterPoint Energy Trading Down 0.8%

NYSE:CNP opened at $43.13 on Wednesday. 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 business’s 50-day simple moving average is $40.67 and its 200-day simple moving average is $39.40. CenterPoint Energy, Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $44.04. The stock has a market capitalization of $28.22 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same period in the prior year, the business earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a $0.23 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, February 19th. CenterPoint Energy’s dividend payout ratio is currently 57.50%.

CenterPoint Energy Company 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.