TD Asset Management Inc Sells 17,385 Shares of CenterPoint Energy, Inc. $CNP

TD Asset Management Inc lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,999 shares of the utilities provider’s stock after selling 17,385 shares during the period. TD Asset Management Inc’s holdings in CenterPoint Energy were worth $12,575,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in CenterPoint Energy during the fourth quarter worth about $25,000. Rothschild Investment LLC raised its holdings in CenterPoint Energy by 165.0% during 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. Atlantic Union Bankshares Corp bought a new stake in CenterPoint Energy during the third quarter worth about $30,000. Olistico Wealth LLC bought a new stake in CenterPoint Energy during the fourth quarter worth about $41,000. Finally, University of Illinois Foundation bought a new stake in CenterPoint Energy during the third quarter worth about $46,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group upped their target price on CenterPoint Energy from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays upped their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Bank of America upped their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, KeyCorp upped their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $41.90 on Tuesday. CenterPoint Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $44.47. The stock’s 50 day moving average is $42.68 and its 200-day moving average is $41.12. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.53 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $0.53 EPS. 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 Dividend Announcement

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

CenterPoint Energy 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.