CenterPoint Energy, Inc. $CNP Shares Sold by Hsbc Holdings PLC

by · The Cerbat Gem

Hsbc Holdings PLC trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,137 shares of the utilities provider’s stock after selling 118,858 shares during the period. Hsbc Holdings PLC’s holdings in CenterPoint Energy were worth $40,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CNP. New Age Alpha Advisors LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Rothschild Investment LLC boosted its holdings in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. DV Equities LLC purchased a new position in CenterPoint Energy in the fourth quarter valued at approximately $35,000. Finally, Olistico Wealth LLC acquired a new stake in CenterPoint Energy during the fourth quarter worth approximately $41,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CNP shares. KeyCorp increased their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. Barclays raised their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Jefferies Financial Group set a $50.00 target price on CenterPoint Energy in a report on Thursday, June 18th. Finally, Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $44.69.

Check Out Our Latest Research Report on CNP

CenterPoint Energy Stock Performance

NYSE CNP opened at $43.54 on Wednesday. The firm has a market cap of $28.48 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.55 and a beta of 0.46. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The business’s 50-day moving average price is $42.57 and its 200 day moving average price is $41.39. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

CenterPoint Energy Profile

(Free Report)

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.

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