33,314 Shares in CenterPoint Energy, Inc. $CNP Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 33,314 shares of the utilities provider’s stock, valued at approximately $1,467,000.

Other hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in CenterPoint Energy during the second quarter worth about $27,000. Rothschild Investment LLC raised its position in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares in the last quarter. Finally, DV Equities LLC bought a new stake in CenterPoint Energy in the fourth quarter worth about $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 1.8%

NYSE:CNP opened at $39.63 on Thursday. The stock has a fifty day simple moving average of $42.46 and a 200 day simple moving average of $42.61. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $36.60 and a 1-year high of $45.26. 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 (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company 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 earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. CenterPoint Energy’s payout ratio is currently 56.47%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. BMO Capital Markets dropped their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research note on Thursday, June 18th. KeyCorp reduced their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.36.

About CenterPoint Energy

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.