Citizens Financial Group Inc. RI Buys New Stake in CenterPoint Energy, Inc. $CNP

Citizens Financial Group Inc. RI bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,933 shares of the utilities provider’s stock, valued at approximately $570,000.

Several other hedge funds also recently bought and sold shares of CNP. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of CenterPoint Energy by 49.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares during the last quarter. MidFirst Bank purchased a new stake in CenterPoint Energy during the 2nd quarter worth about $38,000. Finally, Rexford Capital Inc. purchased a new stake in CenterPoint Energy during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNP. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Wolfe Research reissued an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Finally, Truist Financial reduced their price objective on shares of CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.43.

View Our Latest Stock Analysis on CNP

CenterPoint Energy Price Performance

CNP stock opened at $40.44 on Thursday. The stock has a market capitalization of $26.64 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. CenterPoint Energy, Inc. has a 52-week low of $36.60 and a 52-week high of $45.26. The stock’s fifty day simple moving average is $42.82 and its 200-day simple moving average is $42.63.

CenterPoint Energy (NYSE:CNP – Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio is currently 54.12%.

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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