CIBC Asset Management Inc Raises Holdings in CenterPoint Energy, Inc. $CNP

CIBC Asset Management Inc boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 68.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,531 shares of the utilities provider’s stock after purchasing an additional 63,332 shares during the quarter. CIBC Asset Management Inc’s holdings in CenterPoint Energy were worth $5,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Zacks Investment Management boosted its position in shares of CenterPoint Energy by 0.8% during the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after acquiring an additional 256 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of CenterPoint Energy by 16.1% during the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 308 shares in the last quarter. Horizon Investments LLC boosted its position in shares of CenterPoint Energy by 3.2% during the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 326 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of CenterPoint Energy by 6.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 333 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of CenterPoint Energy by 7.6% during the 3rd quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 369 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNP. Truist Financial lowered their price objective on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Evercore set a $45.00 price objective on CenterPoint Energy in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Finally, Bank of America upped their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $42.71 on Friday. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46. The stock has a 50 day simple moving average of $42.69 and a 200-day simple moving average of $41.10. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $44.47. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results 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 firm had revenue of $2.98 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

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