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

National Pension Service grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 956,067 shares of the utilities provider’s stock after purchasing an additional 69,252 shares during the quarter. National Pension Service owned about 0.15% of CenterPoint Energy worth $36,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Zacks Investment Management boosted its position in CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. Salomon & Ludwin LLC boosted its position in CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 308 shares during the period. Horizon Investments LLC boosted its position in CenterPoint Energy by 3.2% during the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 326 shares during the period. Parallel Advisors LLC boosted its position in CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 333 shares during the period. Finally, LRI Investments LLC boosted its position in CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Truist Financial cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. KeyCorp increased their price target 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, Bank of America increased their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.62.

CenterPoint Energy Trading Down 0.0%

Shares of CenterPoint Energy stock opened at $42.25 on Monday. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $44.47. The company 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 current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. The company’s 50-day moving average price is $42.73 and its 200-day moving average price is $41.04.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results 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 return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities 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 will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

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.