Louisiana State Employees Retirement System Buys Shares of 33,300 CenterPoint Energy, Inc. $CNP

Louisiana State Employees Retirement System bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 33,300 shares of the utilities provider’s stock, valued at approximately $1,437,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $343,925,000. T. Rowe Price Investment Management Inc. lifted its holdings 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 valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. UBS Group AG boosted its holdings in CenterPoint Energy by 31.3% during the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after buying an additional 1,728,865 shares in the last quarter. Jennison Associates LLC boosted its position in CenterPoint Energy by 19.4% during the fourth quarter. Jennison Associates LLC now owns 7,722,893 shares of the utilities provider’s stock worth $296,096,000 after purchasing an additional 1,256,993 shares in the last quarter. Finally, Merewether Investment Management LP lifted its holdings in CenterPoint Energy by 85.5% during 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 purchasing an additional 1,149,637 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CNP shares. Truist Financial lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Barclays raised their price target on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.69.

CenterPoint Energy Stock Performance

Shares of CNP opened at $44.55 on Friday. The company has a 50-day simple moving average of $42.79 and a 200-day simple moving average of $41.71. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $45.22. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $29.14 billion, a PE ratio of 27.33, a P/E/G ratio of 2.59 and a beta of 0.46.

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). 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 analyst estimates of $1.98 billion. 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. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. 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.