National Pension Service Buys 69,252 Shares of CenterPoint Energy, Inc. $CNP

National Pension Service lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 956,067 shares of the utilities provider’s stock after acquiring an additional 69,252 shares during the quarter. National Pension Service’s holdings in CenterPoint Energy were worth $36,656,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $25,000. LRI Investments LLC lifted its holdings in shares of CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth $30,000. Finally, Olistico Wealth LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $41,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Down 0.0%

Shares of CNP opened at $42.25 on Monday. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.51 and a beta of 0.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The firm has a 50 day moving average price of $42.73 and a 200-day moving average price of $41.04.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the previous year, the firm posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s payout ratio is presently 56.44%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Barclays lifted their price objective on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. KeyCorp boosted their price objective on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.62.

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.