Gqg Partners Reduces $41M in CenterPoint Energy, Inc. ($CNP)
Gqg Partners cut its position in CenterPoint Energy by over 940,000 shares, decreasing its stake by 16.5%.
Key Points
- Gqg Partners reduced its CenterPoint Energy position by 940,066 shares, a 16.5% decrease, to 4,741,580 shares, valued at $208 million as of the latest 13F filing.
- CenterPoint Energy, listed on the NYSE, traded near $43.86 on Thursday, with a market cap of $28.2 billion, a P/E ratio of 26.45, and a beta of 0.461.
- Insiders at CenterPoint Energy made several trades in early May, and analysts from various firms maintained ratings with price targets ranging from $44 to $49.
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Gqg Partners has trimmed its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 940,066 shares, reflecting a 16.5% reduction. This adjustment brings its total stake to 4,741,580 shares, valued at approximately $208 million, according to the latest Form 13F filing with the SEC.
Gqg Partners vs. the S&P 500
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What Changed in Gqg Partners' CenterPoint Energy Position
Gqg Partners reduced its stake in CenterPoint Energy by 16.5% during the reporting period, selling 940,066 shares. Before the sale, the firm held 5,681,646 shares. The current holding of 4,741,580 shares is valued at about $208 million.
Other Institutional Activity in CenterPoint Energy
Capital Research Global Investors significantly increased its holdings in CenterPoint Energy by 51,333,975 shares, ending with 72,275,884 shares worth around $3.12 billion. T. Rowe Price Investment Management, Inc. made a modest addition of 1,007,312 shares, bringing its total to 59,294,002 shares valued at $2.56 billion. BlackRock, Inc. slightly reduced its position by 1,354,876 shares, now holding 57,297,637 shares worth approximately $2.47 billion. Vanguard Capital Management LLC initiated a new position with 42,510,960 shares valued at $1.83 billion. Meanwhile, State Street Corp added 765,409 shares, totaling 36,204,869 shares valued at about $1.56 billion.
CenterPoint Energy, Inc. Stock Up 12.2%
Shares of CenterPoint Energy traded near $43.86 on Thursday. The company has a market capitalization of $28.2 billion and a P/E ratio of 26.45. Its forward P/E stands at 20.71, with a beta of 0.461. The stock's 52-week range is between $35.46 and $44.47. It has a 50-day moving average of $42.60 and a 200-day moving average of $40.62. The company maintains a current ratio of 1.165 and a quick ratio of 0.471, with a debt-to-equity ratio of 215.591.
$CNP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
CenterPoint Energy reported revenue of approximately $9.41 billion with a growth rate of 1.9%. The company's net margin is 11.38%, and it posted a return on equity of 9.56%. Earnings per share were $1.63. The next earnings release is anticipated on July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 4.0%.
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Profit surprise
EBITDA beat by 14 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin up 39.9 points. Positive free cash flow.
Earnings Call Summary
CenterPoint reported first quarter earnings per share of $0.56 and revenue of $3 billion, beating revenue expectations. The big story was dramatically increased load commitments in Houston, now at 12.2 gigawatts instead of 7.5 gigawatts, with 8 gigawatts expected energized by 2029. Management is also pursuing transformational growth in Indiana that could add $250 million in customer savings and about $1 billion in capital spending.
Guidance Management reaffirmed full year 2026 earnings guidance of $1.89 to $1.91 per share, representing 8 percent growth over 2025. They expect long-term earnings to grow 7 percent to 9 percent annually through 2035, with most growth coming from added industrial load in Houston and Indiana.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
CenterPoint Energy offers an annual dividend rate of $0.92, yielding 2.15%. The dividend payout ratio is 54.6%.
Insider Buying and Selling at CenterPoint Energy, Inc.
Several insiders engaged in transactions in early May. On May 5, 2026, EVP and CFO Foster Christopher sold 5,867 shares at an average price of $43.53. On May 1, 2026, Dean Seavers, Raquelle Wooten Lewis, Barbara Duganier, Manuel Benito Miranda, and Wendolynn Montoya Cloonan each bought 4,037 shares, though the transaction price was not specified.
Analysts Set New Price Targets
On May 18, 2026, Truist Securities maintained a "buy" rating with a $47 price target. JP Morgan maintained a "hold" rating with a $45 target on May 13, 2026. Evercore ISI Group also maintained a "hold" rating with a $45 target on May 4, 2026. Overall, analysts have a "buy" consensus with a mean target price of $46.13 based on 16 opinions.
About CenterPoint Energy
CenterPoint Energy, Inc. is a public utility holding company based in Houston, Texas. It operates through three segments: Electric, Natural Gas, and Corporate and Other. The Electric segment provides transmission and distribution services, while the Natural Gas segment handles sales, transportation, and distribution in several states. The company serves over 2.8 million customers and owns significant infrastructure, including substations and pipelines. CenterPoint Energy was founded in 1866 and is led by CEO Jason P. Wells.
Bottom Line
Gqg Partners' decision to reduce its stake in CenterPoint Energy by 16.5% reflects a shift in its investment strategy as reported in the latest 13F filing. While CenterPoint Energy continues to show steady financial performance, with a solid market presence and analyst support, investors should note that 13F filings are backward-looking and may not represent the current status of the holdings.
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