Pacer Advisors Inc. Has $3.08 Million Holdings in CenterPoint Energy, Inc. $CNP

Pacer Advisors Inc. boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,200 shares of the utilities provider’s stock after purchasing an additional 17,786 shares during the period. Pacer Advisors Inc.’s holdings in CenterPoint Energy were worth $3,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNP. Capital International Investors increased its stake in shares of CenterPoint Energy by 1.0% in the third quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock valued at $3,381,069,000 after buying an additional 833,374 shares during the period. Vanguard Group Inc. lifted its position in shares of CenterPoint Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after purchasing an additional 719,803 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares during the period. Capital Research Global Investors boosted its stake in shares of 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 valued at $802,916,000 after purchasing an additional 235,346 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CenterPoint Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after buying an additional 166,305 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Evercore set a $45.00 price objective on CenterPoint Energy in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, KeyCorp raised their target price on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $44.69.

CenterPoint Energy Trading Up 1.0%

CNP opened at $43.54 on Wednesday. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year 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. The company has a market cap of $28.48 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46. The company has a fifty day moving average price of $42.57 and a two-hundred day moving average price of $41.39.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data 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). The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

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.