Cibc World Market Inc. Acquires Shares of 50,000 CenterPoint Energy, Inc. $CNP

Cibc World Market Inc. acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the utilities provider’s stock, valued at approximately $1,917,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CNP. Norges Bank purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $343,925,000. UBS Group AG boosted its holdings in shares of CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after acquiring an additional 1,728,865 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of CenterPoint Energy by 19.4% in the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock valued at $296,096,000 after acquiring an additional 1,256,993 shares in the last quarter. Merewether Investment Management LP boosted its holdings in shares of CenterPoint Energy by 85.5% in the third quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after acquiring an additional 1,149,637 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $39,752,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CNP. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Jefferies Financial Group lifted their target price on shares of CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Finally, Evercore set a $45.00 target price on shares of CenterPoint Energy in a report on Monday, May 4th. Eight 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. According to MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $44.62.

CenterPoint Energy Stock Up 1.3%

CNP stock opened at $42.41 on Wednesday. The company has a market cap of $27.75 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.48 and a beta of 0.46. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The company’s 50-day moving average price is $42.68 and its 200 day moving average price is $41.14. 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 data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued 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 payout ratio is currently 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.