California Public Employees Retirement System Cuts Holdings in CenterPoint Energy, Inc. $CNP

California Public Employees Retirement System trimmed its position in CenterPoint Energy, Inc. (NYSE:CNP) by 27.5% in the first quarter, HoldingsChannel reports. The firm owned 1,194,133 shares of the utilities provider’s stock after selling 453,643 shares during the quarter. California Public Employees Retirement System’s holdings in CenterPoint Energy were worth $51,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Nordea Investment Management AB raised its position in shares of CenterPoint Energy by 14.3% in the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock valued at $20,133,000 after purchasing an additional 65,440 shares during the period. Ethos Capital Management Inc. purchased a new stake in shares of CenterPoint Energy during the 4th quarter valued at approximately $1,356,000. Allspring Global Investments Holdings LLC boosted 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 boosted its holdings in CenterPoint Energy by 1.1% in the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after buying an additional 235,346 shares during the period. Finally, Swiss Life Asset Management Ltd grew its stake in 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 valued at $4,093,000 after buying an additional 62,151 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CNP shares. Jefferies Financial Group set a $50.00 target price on shares of CenterPoint Energy in a report on Thursday, June 18th. Barclays raised their price target on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. BMO Capital Markets increased their price objective on CenterPoint Energy from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $45.31.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $43.02 on Tuesday. The firm’s 50 day simple moving average is $43.02 and its 200 day simple moving average is $42.17. 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 firm has a market capitalization of $28.14 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $36.59 and a 1-year high of $45.22.

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

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.24 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is 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.