Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in CenterPoint Energy, Inc. $CNP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 5.5% during the first quarter, HoldingsChannel reports. The firm owned 1,156,481 shares of the utilities provider’s stock after selling 67,782 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CenterPoint Energy were worth $49,914,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of CenterPoint Energy by 14.3% in the 4th quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after acquiring an additional 65,440 shares during the last quarter. Ethos Capital Management Inc. bought a new position in shares of CenterPoint Energy during the fourth quarter valued at about $1,356,000. Allspring Global Investments Holdings LLC lifted its holdings in CenterPoint Energy by 18.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after buying an additional 69,700 shares during the period. Capital Research Global Investors lifted its stake in CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after acquiring an additional 235,346 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its position in shares of CenterPoint Energy by 143.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 105,481 shares of the utilities provider’s stock worth $4,093,000 after purchasing an additional 62,151 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CNP. Barclays lifted their price target on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a research note on Thursday, June 18th. Finally, Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.69.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock traded up $0.27 during trading hours on Friday, hitting $43.59. The company’s stock had a trading volume of 6,551,005 shares, compared to its average volume of 6,599,078. The business has a 50 day moving average price of $42.94 and a two-hundred day moving average price of $41.93. 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 12-month low of $35.58 and a 12-month high of $45.22. The company has a market cap of $28.51 billion, a PE ratio of 26.74, a PEG ratio of 2.58 and a beta of 0.46.

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

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

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.