CenterPoint Energy, Inc. $CNP Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 757,489 shares of the utilities provider’s stock after selling 22,327 shares during the quarter. California State Teachers Retirement System owned 0.12% of CenterPoint Energy worth $32,693,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new position in shares of CenterPoint Energy in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position 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 worth $27,000 after purchasing an additional 235 shares during the period. Rothschild Investment LLC boosted its position in 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 purchasing an additional 457 shares during the period. DV Equities LLC acquired a new stake in CenterPoint Energy in the 4th quarter valued at $35,000. Finally, Rexford Capital Inc. acquired a new stake in CenterPoint Energy in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp cut their price objective on CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $49.00 target price on shares of CenterPoint Energy in a research report on Wednesday. Barclays increased their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Finally, Bank of America boosted their price target on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Nine equities 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 stock currently has an average rating of “Hold” and an average price target of $45.64.

CenterPoint Energy Price Performance

CNP opened at $42.15 on Friday. CenterPoint Energy, Inc. has a twelve month low of $36.60 and a twelve month high of $45.26. The firm has a market cap of $27.76 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.50 and a beta of 0.46. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $42.47.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.15 billion for 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 business posted $0.29 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 fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio is presently 54.12%.

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.