Healthcare of Ontario Pension Plan Trust Fund Buys 15,212 Shares of CenterPoint Energy, Inc. $CNP

Healthcare of Ontario Pension Plan Trust Fund raised its stake in CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 58.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,021 shares of the utilities provider’s stock after acquiring an additional 15,212 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CenterPoint Energy were worth $1,770,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its stake in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Rothschild Investment LLC lifted its position in CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 457 shares during the period. DV Equities LLC bought a new stake in CenterPoint Energy during the fourth quarter worth about $35,000. Finally, Rexford Capital Inc. acquired a new stake in CenterPoint Energy during the first quarter worth about $39,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $42.15 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The stock has a market cap of $27.76 billion, a PE ratio of 24.79, a P/E/G ratio of 2.50 and a beta of 0.46. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The business’s 50-day moving average price is $43.23 and its two-hundred day moving average price is $42.47.

CenterPoint Energy (NYSE:CNPGet Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business earned $0.29 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 business 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is currently 54.12%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNP shares. KeyCorp decreased their target price on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley set a $40.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 22nd. Wells Fargo & Company reiterated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Finally, Wolfe Research restated an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.64.

Get Our Latest Research Report on CenterPoint Energy

CenterPoint Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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