Vestcor Inc Has $1.71 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Vestcor Inc raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 107.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,630 shares of the utilities provider’s stock after buying an additional 23,100 shares during the period. Vestcor Inc’s holdings in CenterPoint Energy were worth $1,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Zacks Investment Management increased its stake in shares of CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of CenterPoint Energy by 16.1% in the 4th quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 308 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of CenterPoint Energy by 3.2% in the 4th quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 326 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of CenterPoint Energy by 6.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 333 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of CenterPoint Energy by 7.6% in the 3rd quarter. Brooklyn Investment Group now owns 5,245 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Evercore set a $45.00 price objective on CenterPoint Energy in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research report on Tuesday, April 21st. Bank of America boosted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, KeyCorp lifted their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Stock Up 0.0%

CNP opened at $42.71 on Monday. The stock has a market cap of $27.94 billion, a PE ratio of 26.20, a P/E/G ratio of 2.53 and a beta of 0.46. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. The business’s fifty day simple moving average is $42.69 and its 200 day simple moving average is $41.11.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations 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 in the previous 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, research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is presently 56.44%.

About CenterPoint Energy

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.