TD Asset Management Inc Has $13.40 Million Holdings in CenterPoint Energy, Inc. $CNP

TD Asset Management Inc trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 345,384 shares of the utilities provider’s stock after selling 143,926 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of CenterPoint Energy worth $13,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CNP. Vanguard Group Inc. lifted its stake in CenterPoint Energy by 0.4% in the third quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock valued at $3,168,459,000 after acquiring an additional 298,892 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CenterPoint Energy by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 16,710,081 shares of the utilities provider’s stock worth $611,377,000 after purchasing an additional 652,202 shares during the last quarter. Norges Bank bought a new position in shares of CenterPoint Energy during the 2nd quarter valued at $313,456,000. Reaves W H & Co. Inc. lifted its stake in shares of CenterPoint Energy by 15.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CenterPoint Energy by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,556,696 shares of the utilities provider’s stock valued at $204,153,000 after purchasing an additional 49,781 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 1.1%

CNP opened at $43.47 on Monday. The business has a 50 day moving average of $39.93 and a 200-day moving average of $39.14. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.58 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a 1-year low of $33.24 and a 1-year high of $43.58.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter in the previous year, the company earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a $0.23 dividend. The ex-dividend date is Thursday, February 19th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. CenterPoint Energy’s dividend payout ratio is 57.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wells Fargo & Company increased their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their target price on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Morgan Stanley reiterated an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Finally, Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and an average target price of $42.00.

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.