California State Teachers Retirement System Trims Holdings in CenterPoint Energy, Inc. $CNP

California State Teachers Retirement System reduced its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 757,489 shares of the utilities provider’s stock after selling 22,327 shares during the period. California State Teachers Retirement System’s holdings in CenterPoint Energy were worth $32,693,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNP. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in CenterPoint Energy by 49.6% during the 4th 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 CenterPoint Energy by 165.0% during the 4th 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. DV Equities LLC acquired a new position in CenterPoint Energy during the 4th quarter worth $35,000. Finally, Rexford Capital Inc. acquired a new position in CenterPoint Energy during the 1st quarter worth $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CNP shares. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research report on Thursday, June 18th. BTIG Research assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. KeyCorp lowered their price objective on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.64.

CenterPoint Energy Stock Performance

Shares of CNP opened at $42.15 on Friday. The stock has a market capitalization of $27.76 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.46. The business’s fifty day moving average price is $43.23 and its 200 day moving average price is $42.47. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26.

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

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 54.12%.

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.