CenterPoint Energy, Inc. $CNP Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 22.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,882 shares of the utilities provider’s stock after purchasing an additional 46,807 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CenterPoint Energy were worth $10,871,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNP. Caitong International Asset Management Co. Ltd grew its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. Zacks Investment Management raised its holdings in CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after buying an additional 256 shares during the period. Salomon & Ludwin LLC raised its holdings in 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 buying an additional 308 shares during the period. Horizon Investments LLC lifted its position in CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after buying an additional 326 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CNP opened at $43.29 on Friday. The company has a market cap of $28.32 billion, a P/E ratio of 26.56, a PEG ratio of 2.53 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $35.94 and a fifty-two week high of $45.22. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average price is $42.98 and its 200 day moving average price is $42.11.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The business had revenue of $2.98 billion during 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 period in the prior year, the business earned $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio (DPR) is 56.44%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Barclays increased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Wells Fargo & Company restated an “overweight” rating and set a $48.00 price target on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Finally, BTIG Research initiated coverage on CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.31.

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.