State of New Jersey Common Pension Fund D Reduces Stock Holdings in CenterPoint Energy, Inc. $CNP

State of New Jersey Common Pension Fund D decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,390 shares of the utilities provider’s stock after selling 16,178 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CenterPoint Energy were worth $7,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC lifted its stake in CenterPoint Energy by 37.7% in the fourth quarter. Wealthfront Advisers LLC now owns 151,766 shares of the utilities provider’s stock worth $5,819,000 after acquiring an additional 41,556 shares during the period. Torren Management LLC purchased a new stake in CenterPoint Energy in the fourth quarter worth $68,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in CenterPoint Energy by 3.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,069 shares of the utilities provider’s stock worth $11,390,000 after acquiring an additional 10,796 shares during the period. Kestra Private Wealth Services LLC lifted its stake in CenterPoint Energy by 5.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,323 shares of the utilities provider’s stock worth $319,000 after acquiring an additional 395 shares during the period. Finally, UBS Group AG lifted its stake in CenterPoint Energy by 31.3% in the fourth quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock worth $278,390,000 after acquiring an additional 1,728,865 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.5%

Shares of NYSE:CNP opened at $43.43 on Friday. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.57 and a beta of 0.48. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock’s 50-day simple moving average is $43.09 and its two-hundred day simple moving average is $40.62. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47.

CenterPoint Energy (NYSE:CNP) last announced its 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 firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period in the previous year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CNP. Barclays raised their price target on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Truist Financial began coverage on CenterPoint Energy in a report on Tuesday, April 21st. They set a “buy” rating and a $48.00 price target for the company. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, KeyCorp raised their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.15.

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.