61,450 Shares in CenterPoint Energy, Inc. $CNP Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 61,450 shares of the utilities provider’s stock, valued at approximately $2,652,000.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in shares of CenterPoint Energy by 1.0% during the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after purchasing an additional 833,374 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $3,158,492,000 after purchasing an additional 719,803 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in CenterPoint Energy by 13.2% in the fourth 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 in the last quarter. Capital Research Global Investors boosted its holdings in CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in 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 last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

Shares of CNP opened at $44.03 on Tuesday. The company has a market capitalization of $28.80 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $45.22. The company’s fifty day moving average price is $42.85 and its 200 day moving average price is $41.79.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results 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 firm had revenue of $2.98 billion for 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 quarter last year, the company 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 year.

CenterPoint Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore set a $45.00 target price on CenterPoint Energy in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Barclays boosted their target price on CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Finally, BTIG Research started coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating for the company. 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 stock. According to data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $44.69.

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.