Louisiana State Employees Retirement System Makes New $1.44 Million Investment in CenterPoint Energy, Inc. $CNP

Louisiana State Employees Retirement System bought a new position in CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,300 shares of the utilities provider’s stock, valued at approximately $1,437,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in CenterPoint Energy by 14.3% during the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after acquiring an additional 65,440 shares during the last quarter. Ethos Capital Management Inc. purchased a new stake in CenterPoint Energy during the 4th quarter worth $1,356,000. Dynamic Technology Lab Private Ltd acquired a new stake in CenterPoint Energy in the 3rd quarter valued at $2,466,000. Allspring Global Investments Holdings LLC lifted its stake in shares of CenterPoint Energy by 18.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 443,406 shares of the utilities provider’s stock worth $17,173,000 after purchasing an additional 69,700 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of CenterPoint Energy by 1.1% during 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. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CNP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. JPMorgan Chase & Co. lowered their price objective on shares of CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Barclays boosted their target price on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Truist Financial decreased their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a report on Thursday, June 18th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and a consensus price target of $44.69.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $44.55 on Friday. The firm has a fifty day moving average of $42.79 and a two-hundred day moving average of $41.71. The firm has a market cap of $29.14 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.59 and a beta of 0.46. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $45.22. 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 (NYSE:CNP) last issued its 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). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

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

CenterPoint Energy 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.